The Shariah-compliant ESG digital asset exchange Green-X has entered into a memorandum of understanding (MOU) with the Klaytn Foundation and Korea-based CREDER to integrate traditional real-world assets (RWA) into the Web 3.0 ecosystem. This collaboration will capitalize on the Klaytn protocol's high-performance throughput, low transaction costs, and active communities, along with CREDER's innovative blockchain solutions and Green-X's expertise in tokenizing RWA into security tokens and digital assets.
With the upcoming merger of Klaytn and Finschia Mainnet, known as Project Dragon, slated for June this year, the Dragon Mainnet will bring together over 35 million wallet users and 400,000 Web3 communities. CREDER, a pioneer in issuing real gold-backed NFTs and gold tokens in partnership with the Korea Gold Exchange, will collaborate with Green-X to introduce new RWA products, including rare gemstones, Chinese antiques, rare earth elements, and real estate.
Philip Tam, Chief Exchange Officer of Green-X, highlighted the platform's early efforts in developing a security token marketplace four years ago to ensure compliance, financial discipline, and accountability on a centralized platform. He sees the collaboration with CREDER and Klaytn in the DeFi space as transformative for the RWA business, leveraging each partner's strengths.
Green-X aims to offer a wide array of Shariah-compliant physical-based digital assets on DeFi platforms, expanding investment opportunities globally with enhanced convenience and user-centric options.
Sangmin Seo, Director of the Klaytn Foundation, expressed satisfaction with the growing tokenization of new RWAs on the Klaytn mainnet and emphasized the foundation's commitment to supporting DeFi projects that benefit users, aiming to drive mainstream DeFi adoption across Asia with the merged mainnet.
Dae Hoon Lee, CEO of CREDER, emphasized the company's plans to swiftly expand its market by launching various RWA products, such as real estate and rare earths, through collaboration. Lee envisions collaborating with global entities to position CREDER as the leading RWA company in Asia.