ITCEN GLOBAL said on the 13th it reaffirmed a partnership with Japan's JPYC and Mitsui & Co. to secure leadership in the global real-world asset (RWA) market.
ITCEN GLOBAL explained that JPYC Chief Executive Okabe Noritaka, who issues a yen-based stablecoin, and Waka Shinsuke, head of digital finance at Japanese general trading company Mitsui & Co., visited the ITCEN Tower in Gwacheon, where the three companies reaffirmed their ties and solidified a cooperation framework to push forward global RWA business.
The meeting came together on the occasion of the "World Crypto Forum" held in Korea recently. The three companies agreed to mount a joint response based on trust to preempt leadership in the global digital asset market.
Through this strengthened cooperation, ITCEN GLOBAL plans to present a global standard for the RWA business that connects real-world assets and digital finance. In particular, to ensure the success of the project declared at "BWB 2025" to "put 50 tons of physical gold on-chain within five years and build a 10 trillion won digital gold finance ecosystem," the three companies will pool their capabilities.
The plan is to create synergy by combining the physical gold infrastructure of ITCEN GLOBAL subsidiary Korea Gold Exchange, ITCEN GLOBAL's information technology (IT) capabilities, JPYC's stablecoin payment infrastructure, and Mitsui & Co.'s digital asset operation know-how. Centered on the gold-based RWA "K-GOLD (KGLD)," the companies plan to jointly introduce financial services such as on-chain deposits and collateralized loans to the global market.
Earlier, ITCEN GLOBAL, through its subsidiary Credder, signed a business agreement with Digital Asset Markets (DAMS), which supports issuance of Zipangu Coin in Japan, and has continued cooperation. Zipangu Coin is a gold-based RWA issued by Mitsui & Co. subsidiary "Mitsui & Co. Digital Commodities."
An ITCEN GLOBAL official said, "By meeting directly with Japan's leading partners, we reaffirmed alignment of our vision and further strengthened our partnership," adding, "Through the RWA ecosystem built by the three companies, we will enhance our competitiveness in the global digital asset market."