CandleFocus Cardano Welcomes Gold Tokenization as EMURGO Partners with Kinka Gold to Launch XNK
2024-09-18
Author: Content Editor
EMURGO, a founding partner of Cardano, has partnered with Kinka Gold (XNK) to launch gold tokenization on the Cardano blockchain. Kinka's XNK token is backed by premium Japanese gold that meets LBMA standards and is stored in bankruptcy-remote vaults. The integration of gold into Cardano's ecosystem could increase liquidity and use cases, potentially solidifying Cardano's position as a leading blockchain platform. EMURGO will provide the technological foundation for the gold-backed digital asset, and Kinka Gold will utilize EMURGO's tokenization platform to issue the tokens. This collaboration follows EMURGO's recent partnership with Zilliqa to enhance blockchain interoperability and improve security.
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