what's Korea Gold Exchange Digital Asset (KorDA)?

KorDA, short for Korea Gold Exchange Digital Asset and known in Korean as 한국금거래소디지털에셋, is a digital asset platform and subsidiary of the KOSDAQ-listed ITCEN Global. Operating Korea's largest gold exchange, KorDA tokenizes physical gold reserves into the $KGLD token, providing blockchain-based exposure to real-world gold assets. This initiative bridges traditional gold markets with crypto infrastructure, leveraging regulated custody and exchange operations for credibility. $KGLD employs LayerZero's Omnichain Fungible Token (OFT) standard, enabling a single unified supply transferable across multiple blockchains without fragmentation. This facilitates seamless interoperability, allowing the token to be composable in DeFi applications, used in payments, and integrated into institutional workflows from day one. Targeting Asia's dominant share of the $13 trillion global gold market, KorDA aims to accelerate RWA tokenization.

KorDA launched $KGLD, Asia's first tokenized gold asset on LayerZero.