Monetary Metals has partnered with ORO Labs to launch the first yield-bearing gold token on the Solana blockchain.
Description of the ORO Token
The ORO token developed by ORO Labs is an innovative solution for the tokenization of precious metals, providing returns for investors. Unlike traditional tokens, the ORO token transforms gold from a passive asset into a yield-bearing asset by integrating the smart contract with Monetary Metals’ Gold Yield Marketplace®.
Statements from Management
CEO of ORO Labs Usman Saleem emphasized the significance of the partnership, stating, "We’ve transformed gold from a passive holding into a yield-bearing, blockchain-native asset." Mark Pey, Dubai Manager for Monetary Metals, highlighted that the launch of the token represents a step towards creating a new asset class, noting, "ORO’s infrastructure and sustainable tokenomics are well-aligned with the industry’s pivot toward Real World Assets, but with an added value proposition: yield."
Future Plans and Expansion
The ORO token is currently in an invite-only beta phase for institutional players, with a public rollout planned for Q3 2025. Successful integration with Solana’s high-speed network will ensure scalability of the solution for global institutional use.
The launch of the ORO token signifies a notable advancement in the tokenization of gold, offering an innovative model for investors and opening new opportunities in the cryptocurrency market.
