South Korea's HancomWITH announces the launch of a gold-backed stablecoin, highlighting its intent to transform real asset trading.
Digitalizing Gold in the Economy
CEO Sang-Yup Song noted that over 40% of gold transactions occur outside regulated systems due to logistical barriers. "Gold is one of the most trusted safe-haven assets," stated Song. "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."
Arowana Token and Access to Gold
HancomWITH's initiative is being realized in partnership with Arowana Hub, part of the Hancom ecosystem. On July 2, the company's native asset Arowana Token (ARW) was successfully listed on GATE.io and MEXC, enabling real-time global trading of gold-backed assets. Tokenizing gold provides users access to gold markets without the complications of physical storage or transactions.
Future of Stablecoins and Technological Solutions
HancomWITH's strategy includes leveraging their software expertise to deliver RWA solutions. CEO Song remarked, "Our evolution from software to asset-backed digital services is both natural and necessary."
The introduction of HancomWITH's gold-backed stablecoin marks a significant step towards integrating traditional assets into the digital economy, opening up new opportunities for users.
