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▲ Solana (SOL), Tokenization, Gold / AI Generated Image
A new staking model is being pursued where Solana (Solana, SOL) is secured using tokenized gold as collateral and delegated to validators.
According to Bitcoin.com on September 4 (local time), blockchain infrastructure company Flowra and Korea Gold Exchange Digital Asset (KorDA) signed a Memorandum of Understanding (MOU) to utilize gold-backed digital assets as collateral for Solana validator operations. The two companies will review the business model and regulatory requirements for 12 months.
According to the plan, KGLD will serve as collateral for securing Solana. KGLD is a gold-backed digital asset managed by Korea Gold Exchange Digital Asset or an approved affiliate. The Solana secured based on this collateral will be delegated to network validators operating on Flowra's infrastructure.
The two companies are also promoting the Flowra-Korea Gold Exchange Digital Asset Delegation Program (FKDP). The Solana to be invested in the program will be secured from institutional investors, loan providers, the Solana Foundation, and others. Flowra will provide its own Solana infrastructure, and Korea Gold Exchange Digital Asset will be responsible for validator operations, including server maintenance, continuous monitoring, and key management.
The growth of the tokenized gold market is also a background for this collaboration. The total market capitalization of tokenized gold has exceeded $6 billion. The two companies are exploring ways to utilize tokenized gold not just as a held asset but as collateral to secure the capital needed for blockchain network operations.
The actual launch of the business requires regulatory review, legal compliance, and the conclusion of a final contract. Flowra will not directly hold the collateral assets but plans to segregate them through independent custodians, escrow accounts, and multi-signature wallets. The two companies will also jointly establish criteria for validator selection, Solana distribution methods, and the distribution of staking rewards, block rewards, and Maximum Extractable Value (MEV) tip profits.
[Key Summary of Article]
-Flowra and Korea Gold Exchange Digital Asset are reviewing a model to secure Solana using KGLD as collateral and delegate it to validators.
-The two companies plan to promote the FKDP and secure Solana from institutional investors, loan providers, the Solana Foundation, and others.
-The tokenized gold market has exceeded $6 billion in market capitalization, and the actual business launch requires regulatory review and a final contract.
*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*
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