SmartGold Teams Up with Chintai for IRA Gold Tokneization
SmartGold and chintai nexus have joined forces in a groundbreaking project that turns retirement gold into digital assets.They’ve successfully tokenized $1.6 billion worth of IRA-held gold. This innovative move brings traditional safe-haven investments into the modern world of decentralized finance.
The collaboration sets a new standard in compliance, focusing on self-directed IRAs. It creates a one-to-one digital copy of the physical gold stored in vaults. For the first time, retirement savers can now use their gold as collateral in DeFi platforms like Morpho and Kamino, unlocking liquidity without affecting their tax benefits.
Here’s how it works.Investors buy and store physical gold via SmartGold. Then, Chintai Nexus tokenizes these holdings, issuing digital tokens that represent the real gold. This token serves as proof of ownership of the insured and audited bullion in secure storage.
Aaron Haley, SmartGold’s Managing Director, sees this as a game-changer. For years,gold investors had to choose between safety and earning potential. This partnership, he believes, turns gold into a powerful tool for wealth creation.
Before this project, Chintai upgraded its infrastructure using Chainlink, enhancing cross-chain transfers and data reliability. These improvements ensure that the tokenized gold meets strict regulations and maintains obvious,verifiable reserves.
