ITCEN GLOBAL saw first-quarter results surge this year on the back of balanced growth in the gold transaction business and the IT service institutional sector.
ITCEN GLOBAL said on the 15th that on a consolidation basis, first-quarter revenue came to 3.2882 trillion won, up about 100% from a year earlier. Operating profit for the same period rose 193% to 99.2 billion won, and net profit increased 178% to 72.7 billion won.
The company said it achieved the highest first-quarter performance on record, driven by growth in the gold transaction platform business centered on Korea Gold Exchange. The IT service institutional sector also maintained stable growth by absorbing demand for digital transformation in the public and private sectors, based on its system integration (SI) and operations capabilities.
ITCEN GLOBAL is pushing the digital conversion of physical gold based on Korea Gold Exchange Digital Asset's platform "Geumbang Geumbang." Through the "Gold Standard Wallet," a gold-backed wallet service based on real-world asset (RWA), it is integrating the storage, distribution, and use of gold into a single financial service, and it is also reviewing an exchange expansion within the year.
ITCEN GLOBAL plans to accelerate the digital conversion of physical gold based on platforms such as Korea Gold Exchange Digital Asset's "Geumbang Geumbang," and to integrate the storage, distribution, and use of gold into a single financial experience through the "Gold Standard Wallet" app, a gold-backed passbook based on real-world asset (RWA). Furthermore, by seeking exchange expansion within the year, it aims to full-scale build a digital future finance ecosystem that tokenizes physical assets, including gold.
It also said it is conducting joint research on a Japan-Korea stablecoin with Japanese stablecoin operator JPYC and plans to establish a cross-border payment standard linking the "yen-gold-won."
ITCEN GLOBAL CEO Kang Jin-mo said, "By launching the Gold Standard Wallet, issuing gold and silver tokens within the year, listing on overseas virtual asset exchanges, and conducting joint research on a Japan-Korea stablecoin with JPYC, we will preempt cross-border payment standards and lead the global RWA market," adding, "We will continue strong growth with a goal of realizing a 10 trillion won digital gold ecosystem within five years."