ITCEN GLOBAL said on the 18th that its Blockchain-based Web3 business, pursued with key affiliates Korea Gold Exchange and Korea Gold Exchange Digital Asset, has entered the commercialization stage.
ITCEN GLOBAL is carrying out a "mega project" to issue 50 tons of physical gold as on-chain asset within five years and build an ecosystem worth 10 trillion won. At its core, the gold coin-type real-world asset (RWA) token "K GOLD (KGLD)" is expanding into innovative financial services such as on-chain deposits and collateral lending.
A company official said, "We have entered a practical commercialization phase after successfully completing a proof of concept (PoC) with a major payment gateway (PG) recently."
ITCEN GLOBAL has completed trademark applications for gold coins including ▲KGLD ▲CENG ▲KRWgc ▲USDgc and for silver coins including ▲KSVR ▲XAGC ▲XAGT ▲CENS to issue virtual assets linked 1-to-1 with physical assets. Based on this, the company plans to push for a gold coin issuance within the third quarter this year and seek listings on domestic and overseas exchanges.
It is also accelerating its entry into the security token offerings (STOs) market, leveraging the nation's largest gold distribution network and storage infrastructure owned by Korea Gold Exchange. In line with the institutionalization of STOs through legislation, the company is advancing dedicated infrastructure. It also plans to expand its STO lineup to encompass a wide range of high-value nonstandard assets, including rare metals and raw materials beyond gold.
The company is also expanding its stablecoin business to enhance Web3-based payment convenience. ITCEN GLOBAL has formed an "RWA alliance" with JPYC, Japan's leading stablecoin company, and Mitsui & Co., and is implementing a payment system connecting "yen–gold–won."
ITCEN GLOBAL holds 67.3% equity each in Korea Gold Exchange and Korea Gold Exchange Digital Asset through special purpose company (SPC) KGE Holdings.
An ITCEN GLOBAL official said, "2026 is the year when the Web3 strategy we have been preparing blossoms in practice," adding, "Based on a stable governance structure, we will build a unique RWA infrastructure across all areas, including gold coins, STOs, and stablecoins, and establish it as the company's core future growth engine."