ITcen Global Launches Trust Product that Earns Interest on Physical Gold

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Photo - Provided by HT Global
Photo - Provided by HT Global

HT Global is accelerating the expansion of digital asset finance by introducing a new asset management model that combines physical gold and institutional finance. Its subsidiary, Korea Gold Exchange Digital Assets, launched the 'Hana Gold Trust (Operation)' in collaboration with Hana Bank on the 11th. This product allows customers to receive interest along with the principal (gold) by depositing physical gold items such as stone rings and gold bars.

The trust operates by generating profits from gold during the trust period and returning them with physical gold at maturity, with entry possible from 100g of 24K pure gold. The key feature is transforming gold, previously considered an unproductive asset, into an investment asset that "earns interest when deposited". Currently, enrollment is available at Hana Bank's Seocho Financial Center and Business Branch 1, and will expand to 26 branches, including 25 Seoul branches and the Haeundae Dongbaek branch, starting from the 18th.

Korea Gold Exchange Digital Assets supports the entire process from contract signing to termination in a digital environment, utilizing its gold appraisal and digital conversion capabilities. This prevents frequent issues of underestimating weight and purity in gold trading and ensures safe storage and transparent operation.

HT Global plans to fully develop various digital asset financial products, including gold-based stablecoins, security token offerings (STO), and real-world asset (RWA) services based on this collaboration. Park Sung-wook, CEO of Korea Gold Exchange Digital Assets, stated, "This trust operation is an innovative service that simultaneously enhances the safety and profitability of gold" and added, "We will continue to introduce products that innovate existing finance together with major partners, including Hana Bank".

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