ITCEN Global-backed KorDA launches $KGLD as one of Asia's first tokenized gold assets on LayerZero

KorDA, a Web3 fintech backed by Korea's largest gold distributor ITCEN Global, is launching $KGLD — one of Asia's first physical gold-backed tokenized assets — using LayerZero's Omnichain Fungible Token (OFT) standard. The OFT model burns tokens on the source chain and mints 1:1 on the destination, letting the issuer maintain compliance control across 170+ chains without fragmenting liquidity. With Asia accounting for over 50% of the $13T global gold market, KorDA is positioning $KGLD to bridge traditional gold distribution infrastructure with DeFi-native composability.

TLDR by @Benthic

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• LayerZero
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• Gold