ITCEN GLOBAL has announced that its blockchain-focused Web3 business, developed in collaboration with Korea Gold Exchange and Korea Gold Exchange Digital Asset, has officially progressed into the commercialization stage. The transition follows the successful completion of a proof-of-concept project conducted with a major payment gateway provider. The company is pursuing an initiative aimed at bringing 50 tons of physical gold onto blockchain networks as tokenized assets over the next five years, seeking to create an ecosystem valued at approximately 10 trillion won by integrating traditional assets with decentralized digital infrastructure.
At the center of the initiative is K GOLD (KGLD), a gold coin-style RWA token backed by physical gold. The token is intended to serve as the foundation for a broader range of blockchain-powered financial products, including on-chain deposit services and collateralized lending solutions.
ITCEN GLOBAL Completes Proof-of-Concept and Prepares Market Launch
According to company representatives, the transition to commercialization follows the successful completion of a proof-of-concept project conducted with a major payment gateway provider. Officials indicated that the achievement demonstrated the practical viability of the technology and allowed the project to move beyond the experimental stage toward real-world deployment.
As part of its preparation for launch, ITCEN GLOBAL has filed trademark applications for multiple gold-backed and silver-backed digital asset brands. Proposed gold-related tokens include KGLD, CENG, KRWgc, and USDgc, while silver-focused offerings include KSVR, XAGC, XAGT, and CENS. These assets are designed to maintain a one-to-one linkage with corresponding physical commodities.
The company plans to issue its first gold-backed token during the third quarter of this year and intends to pursue listings on both domestic and international cryptocurrency exchanges.
Company Expands Into Security Tokens and Stablecoin Operations
ITCEN GLOBAL is accelerating its participation in the security token offering (STO) sector. Leveraging the extensive distribution network and storage infrastructure operated by Korea Gold Exchange, the company is preparing infrastructure designed to support the growing institutionalization of security tokens.
Management indicated that future STO offerings will not be limited to gold. The company plans to broaden its portfolio to include various high-value nonstandard assets such as rare metals and industrial raw materials.
In parallel, ITCEN GLOBAL is strengthening its stablecoin operations. The company has formed an RWA-focused alliance with Japanese stablecoin provider JPYC and trading giant Mitsui & Co. Through this collaboration, it is developing a payment framework that connects the Japanese yen, gold-backed assets, and the Korean won.
ITCEN GLOBAL Positions Web3 Strategy as 2026 Growth Priority
ITCEN GLOBAL currently maintains a 67.3% ownership stake in both Korea Gold Exchange and Korea Gold Exchange Digital Asset through its special purpose entity, KGE Holdings. This ownership structure provides the company with direct control over critical infrastructure supporting its blockchain initiatives.
Company officials stated that the organization views 2026 as a pivotal year for executing its Web3 strategy and aims to establish tokenized gold, STOs, and stablecoins as key drivers of long-term growth. The organization intends to build a comprehensive RWA infrastructure supported by stable governance and integrated blockchain services.
FAQ
What did ITCEN GLOBAL announce about its Web3 business?
ITCEN GLOBAL announced that its blockchain-focused Web3 business, developed in collaboration with Korea Gold Exchange and Korea Gold Exchange Digital Asset, has officially progressed into the commercialization stage following the successful completion of a proof-of-concept project with a major payment gateway provider.
What is ITCEN GLOBAL's gold tokenization plan?
The company is pursuing an initiative aimed at bringing 50 tons of physical gold onto blockchain networks as tokenized assets over the next five years, seeking to create an ecosystem valued at approximately 10 trillion won. The company plans to issue its first gold-backed token during the third quarter of this year.
What ownership stake does ITCEN GLOBAL hold in its blockchain infrastructure entities?
ITCEN GLOBAL currently maintains a 67.3% ownership stake in both Korea Gold Exchange and Korea Gold Exchange Digital Asset through its special purpose entity, KGE Holdings.
