The South Korean company HancomWITH has announced a strategic initiative to introduce a gold-backed stablecoin, aiming to enhance transparency and access to global gold markets.
Digital Economy and Gold Transactions
CEO Sang-Yup Song emphasized the untapped potential of the global gold market, noting that over 40% of gold transactions occur outside of regulated systems. 'Gold is one of the most trusted safe-haven assets,' Song stated. 'But a large portion of this market remains informal. With digital exchange infrastructure, we can bring these transactions into the formal economy with transparency and efficiency.'
Launch of Arowana Token for Access to Tokenized Gold
HancomWITH’s RWA initiative is being launched in collaboration with Arowana Hub. On July 2, the company’s native asset Arowana Token (ARW) was successfully listed on GATE.io and MEXC, allowing real-time, global trading of gold-backed digital assets. By tokenizing gold, HancomWITH is offering a bridge between real-world value and digital liquidity, enabling users worldwide to access gold markets without the friction of physical storage, custody or cross-border exchange complications.
Positioned for Regulatory Alignment in the Stablecoin Sector
This initiative comes amid growing efforts by the Korean government to legislate the stablecoin market. Song commented on the shifting regulatory landscape: 'Until now, converting physical assets like gold or real estate into fiat or crypto has involved excessive bureaucracy. A gold-backed stablecoin allows seamless circulation across jurisdictions—but this requires clear legal frameworks and robust custody solutions that protect users.'
With significant assets, HancomWITH aims to provide secure and tech-forward solutions for real-world asset tokenization, responding to the growing demand for digital economy.
