SmartGold and Chintai Launch Revolutionary Gold tokenization for IRAs
SmartGold and Chintai Nexus have revolutionized how retirement gold assets function in teh world of finance.They’ve successfully tokenized $1.6 billion of gold held in IRAs, bridging the gap between physical assets and decentralized finance (DeFi).
The collaboration introduces the frist compliant tokenization method for self-directed IRAs. This innovation allows investors to use their gold holdings as dynamic financial tools without losing tax benefits.
Here’s how it effectively works:
- Investors buy and store gold through SmartGold’s IRA.
- Chintai’s platform converts this gold into digital tokens.
- Each token represents one unit of physical gold.
These tokens act as collateral on DeFi platforms like Morpho and Kamino, providing access to liquidity without moving the physical gold. This unlocks new earning opportunities for retirement savers.
According to SmartGold’s Managing Director Aaron Haley,this development allows investors to leverage the safety of gold while still generating returns. “We’re breaking down barriers between security and profitability,” he noted.
This project builds on Chintai’s recent enhancements, such as adopting Chainlink’s Cross-Chain Interoperability Protocol, ensuring secure transfers and regulatory compliance.
