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The foundation that founded Klaytn, a public blockchain born in Korea, today announced that it has installed $GPC (Gold-Pegged Coin) and its supporting DeFi platform, Goldstation, on its blockchain.
Klaytn, a blockchain developed by South Korean internet giant Kakao, said in a statement shared with The Block that South Korea-based digital innovation company CREDER has launched the $GPC token to provide access to external DeFi. It was announced that it was the first gold token. of Ethereum. According to Klaytn, it is also the first tokenized gold that does not charge percentage-based fees for transactions.
Klaytn said $GPC users will benefit by being able to allocate small investments to gold purchases due to the low gas fees on the Klaytn blockchain. Eliminating percentage-based transaction fees also ensures the cost-effectiveness of gold token trading in DeFi, Klaytn added.
Sam Seo, CEO of the Klayton Foundation, said in a statement, “The Klaytn Foundation has been working with CREDER on detailed preparations for $GPC and Gold Station.” “Going forward, we will work closely with them to provide a wider range of metal RWA tokenization projects to domestic and global markets.”
Goldstation said it will launch services including $GPC staking on January 24th. The platform will start by serving residents of South Korea, but plans to launch globally in the future.
Klaytn blockchain has expanded its use cases into DeFi, real-world asset tokenization, and the Bank of Korea’s CBDC pilot project. For example, last November it signed a partnership with the transportation arm of Indonesian conglomerate Korindo. Exploring tokenization practices using shipping-related assets.
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