Klaytn Foundation, instrumental in South Korea’s Klaytn public blockchain, has recently integrated the gold-pegged digital currency, $GPC, and its associated DeFi platform, Goldstation, into the Klaytn network.
Developed by Kakao, a major South Korean internet company, Klaytn has announced this integration as a significant step in diversifying its blockchain offerings. The launch of $GPC by CREDER, a South Korean digital transformation company, marks a notable milestone. This gold-based token is unique as it’s the first of its kind on a DeFi platform outside Ethereum and doesn’t levy a transaction fee percentage.
Klaytn emphasizes that $GPC holders will benefit from the blockchain’s low gas fees, enabling smaller investments in gold. This approach also promises cost-effective trading of gold tokens in the DeFi space.
Sam Seo, Klaytn Foundation’s representative director, highlighted the collaborative efforts with CREDER in preparing $GPC and Goldstation for launch. The Foundation aims to extend its collaboration with CREDER for future metal RWA tokenization projects targeting both local and global markets.
Goldstation is set to launch services like $GPC staking from January 24, initially focusing on South Korean users but with plans for global expansion.
Klaytn’s blockchain has broadened its applications to include DeFi, tokenization of real-world assets, and participation in the Bank of Korea’s CBDC pilot. A notable example of its diversification is the November partnership with a Korindo Group’s shipping division, aiming to explore tokenization in ship-related assets.
