LayerZero will join hands with the Korea Gold Exchange’s Digital Asset to expand the multi-chain of ..

LayerZero will join hands with the Korea Gold Exchange’s Digital Asset to expand the multi-chain of the real gold-based token “KGLD.”

The plan is to preoccupy the Asian real asset (RWA) market by connecting the global gold market worth 13 trillion dollars (about 1.7 trillion won) to the blockchain.

Layer Zero announced on the 16th that it has signed a technology partnership with Digital Asset of the Korea Gold Exchange to support KGLD multi-chain expansion. KGLD is a digital asset issued based on real gold on the Korea Gold Exchange.

With this cooperation, layer-zero omnichain token (OFT) standard technology will be applied to KGLD. Unlike conventional wrapping or synthetic methods, the biggest feature is that it can maintain a single token, single supply, and single policy structure.

It can be used freely in multiple chains without being dependent on a specific blockchain network, and can directly control regulatory compliance or transmission rules, enabling asset management at the level of institutional investors.

If KGLD is officially issued in the future, it is expected to expand its use in various areas such as DeFi, payment, and institutional financial services as well as listing on the global digital asset exchange.

Lee Sang-yoon, CEO of Digital Asset of Korea Gold Exchange, said, “In the process of designing on-chain gold-based financial services, the uninterrupted multi-chain expansion function played a key role. We will expand KGLD to various financial services and grow it as a representative RWA case in Asia.”

Lim Jong-kyu, head of Layer Zero Asia, said, “We are looking forward to creating a representative example of Asian gold exchange and gold tokenization leading the domestic gold market. We will build a new financial infrastructure by leading the blockchain conversion of various real assets such as stocks, bonds, and real estate in the future.”