Klaytn Introduces Gold RWA DeFi Platform in South Korea

Klaytn announced that CREDER, a digital transformation company in South Korea, has introduced the $GPC token.

Written By:
Dishita Malvania

Klaytn Introduces Gold Rwa Defi Platform In South Korea

The Klaytn Foundation, dedicated to advancing South Korea’s prominent Layer 1 blockchain, Klaytn, revealed today that its Governance Council (GC) participant, CREDER, has introduced $GPC (Gold-Pegged Coin) to be available on DeFi outside of the Ethereum ecosystem.

This gold-pegged coin is tied to the current real-time value of gold. Additionally, CREDER has also launched Goldstation, a decentralized finance (DeFi) platform tailored for $GPC, within the Klaytn ecosystem.

Notably, $GPC is the pioneering tokenized gold asset that doesn’t impose transaction fees based on percentages, as highlighted by Klaytn.

Furthermore, Klaytn emphasized that users of $GPC will enjoy the advantage of the platform’s minimal gas fees, enabling them to make smaller-scale investments in gold.

Eliminating percentage-based fees also enhances the affordability and efficiency of trading gold-backed tokens within the DeFi ecosystem, as per Klaytn’s insights.

Goldstation is set to launch its services, including the option to stake $GPC, on January 24. Initially, the platform will cater to the needs of South Korean users, but it has ambitions to expand its reach worldwide at a later stage.

The Klaytn blockchain has broadened its applications to include decentralized finance (DeFi), the tokenization of real-world assets, and participation in the Bank of Korea’s central bank digital currency (CBDC) pilot initiative. 

Also Read: South Korea to Reveal Officials’ Crypto Holdings in 2024



Dishita is a skilful content writer and have been growing her interest in crypto lately. She likes to write in other areas as well. She loves travelling & have pretty decent photography skills. She is a Baker and wants to open her Bakery. She love dogs and wish to pet them someday.