Klaytn KLAY -4.46% Basis, the institution behind the South Korea-born public blockchain Klaytn, introduced right this moment that it has onboarded $GPC (Gold-Pegged Coin) and its supporting DeFi platform Goldstation on its blockchain.
Klaytn, the blockchain developed by South Korean web large Kakao, stated in a press release shared with The Block that CREDER, a South Korea-based digital transformation agency, launched the $GPC token, making it the primary gold token to be provided on DeFi outdoors of Ethereum. Additionally it is the primary tokenized gold that doesn’t cost a percentage-based payment for transactions, in line with Klaytn.
Klaytn stated $GPC customers will profit from Klaytn blockchain’s low fuel charges, permitting them to allocate small investments to buy gold. Crossing out percentage-based transaction charges may additionally make sure the cost-effectiveness of buying and selling gold tokens on DeFi, Klaytn added.
“Klaytn Basis has been working along with CREDER’s meticulous preparation for $GPC and Goldstation,” Sam Search engine marketing, consultant director of Klaytn Basis, stated within the assertion. “Transferring ahead, we’ll carefully cooperate with them to ship extra numerous metallic RWA tokenization tasks for the home and world markets.”
Goldstation stated it can start providers, together with $GPC staking, on Jan. 24. The platform intends to begin by serving South Korean residents however plans to launch globally sooner or later.
Klaytn blockchain has expanded its use circumstances to DeFi, real-world asset tokenization and the Financial institution of Korea’s CBDC pilot challenge. For instance, in November, it partnered with a transport unit of Korindo, an Indonesian conglomerate, to discover tokenization practices with ship-related property.
