South Korean blockchain Klaytn onboards gold RWA DeFi platform

South Korean blockchain Klaytn has announced the addition of the Gold-Pegged Coin (GPC) and its supporting DeFi platform, Goldstation, to its platform. Developed by South Korean internet giant Kakao, Klaytn stated that the GPC token, launched by digital transformation firm CREDER, is the first gold token to be offered on DeFi outside of Ethereum. The token also does not charge a percentage-based fee for transactions, making it cost-effective for trading gold tokens on DeFi. Klaytn’s low gas fees will allow users to allocate small investments to purchase gold. The platform aims to deliver more diverse metal-backed tokenization projects in both domestic and global markets. Goldstation will begin services, including GPC staking, on January 24 and plans to launch globally in the future. Klaytn blockchain has expanded its use cases to include DeFi, real-world asset tokenization, and the Bank of Korea’s CBDC pilot project. In November, it partnered with Korindo, an Indonesian conglomerate’s shipping unit, to explore tokenization practices with ship-related assets.