<p>South Korean blockchain firm Ozys announced today that it has entered into a strategic partnership with Creder, a company dedicated to integrating traditional assets into the blockchain realm, to tokenize physical assets like precious metals into real-world assets (RWAs), according to Korean news site <a href="https://www.digitaltoday.co.kr/news/articleView.html?idxno&#61;499613" rel="noopener noreferrer nofollow">Digital Today</a> on Thursday (KST).</p><p>“Gold is one of the major RWA assets as the market value of assets linked with physical goods is increasing in the global market. We will take a transparent approach in expanding the RWA token ecosystem and showcase our business performance through our cooperation,” said Lim Dae-hoon, CEO of Creder.</p><h2 id="header-0">Driving innovation</h2><p>As a member of the Klaytn ecosystem, internet juggernaut Kakao’s blockchain, Ozys operates platforms like <a href="https://coinnesslive.page.link/9j23EfpzzzpbxHWW7" rel="noopener noreferrer nofollow">Allbit.com</a>, a layer 2 decentralized exchange (DEX), and a cross-chain token transfer platform dubbed Orbit Bridge. The firm utilizes blockchain-based technologies like smart contracts and Inter-Blockchain Communication (IBC) to develop and run its platforms.</p><p>Meanwhile, Creder is currently working on The Mining Club, a project that mints solid gold into NFTs for safe storage and transfer. The gold NFTs are available for purchase on the NFT marketplace OpenSea. It is also developing Gold Station, a platform that allows for the digitized purchase, storage and investment of gold through the Gold Pegged Coin (GPC). GPC is a physical gold-based RWA issued on the Klaytn network.</p><h2 id="header-1">Expanding the scope of Web3</h2><p>The two companies will work together to onboard GPC to KLAYswap — Klaytn’s on-chain swap protocol — which will be issued via smart contract on Jan. 3.</p><p>The two companies also plan to tokenize other precious metals like silver, copper and palladium. By combining physical assets and blockchain technology, the companies aim to expand the Web3 ecosystem and lead next-generation markets.</p><p>“The tokenization of gold, which is considered a safe asset, is expected to diversify the Web3 ecosystem,” said Choi Jin-han, CEO of Ozys. “We plan to explore various collaborations with Creder, starting with the onboarding of the gold-based token GPC on KLAYswap.”</p>

Ozys and Creder to tokenize precious metals

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