Klaytn Onboards Gold-Pegged Coin and Goldstation on Its Blockchain
The Klaytn Foundation, the organization behind the Klaytn blockchain, has announced its collaboration with $GPC (Gold-Pegged Coin) and its supporting DeFi platform, Goldstation. The blockchain, developed by South Korean company Kakao, revealed that CREDER launched the $GPC token, making it the first gold token available on DeFi platforms outside of Ethereum. Notably, $GPC is also the first tokenized gold that does not charge transaction fees based on a percentage. Klaytn highlighted that users of $GPC will benefit from low gas fees on its blockchain, allowing for small investments in gold. The collaboration aims to deliver more metal RWA tokenization projects in domestic and global markets.
Goldstation to Commence Services
Goldstation has announced that it will launch services including $GPC staking on January 24. Initially serving South Korean residents, the platform plans to expand globally in the future.
Klaytn’s Expanding Use Cases
Klaytn’s blockchain has been expanding its use cases beyond DeFi. It has ventured into real-world asset tokenization and is involved in the Bank of Korea’s CBDC pilot project. For instance, in November, Klaytn partnered with a shipping unit of Indonesian conglomerate Korindo to explore tokenization practices related to ship assets.
Hot Take: Klaytn Enables Tokenized Gold on DeFi Platforms
Klaytn’s integration of $GPC and Goldstation onto its blockchain marks a significant milestone in the world of decentralized finance. By offering the first gold token outside of Ethereum and eliminating percentage-based transaction fees, Klaytn provides users with cost-effective opportunities to invest in gold. This collaboration not only benefits users by leveraging the low gas fees of Klaytn’s blockchain but also paves the way for future metal RWA tokenization projects. With its expanding use cases, Klaytn continues to demonstrate its commitment to innovation in the blockchain industry.
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