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SmartGold Partners with Chintai to Tokenize $1.6B in IRA Gold
SmartGold has partnered with Chintai Nexus to enable U.S. investors to tokenize gold held in individual retirement accounts (IRAs) and earn yields through decentralized finance (DeFi) protocols.
- Gold is tokenized 1:1 on Chintai’s regulated platform.
- Tokenized gold can be used as collateral on DeFi lending markets like Morpho and Kamino.
- This structure maintains the IRA's tax-deferred status.
- The partnership addresses the challenge of combining stable gold investments with income-generating strategies.
- SmartGold manages $1.6 billion in vaulted assets, marking a significant step in tokenized gold deployment for U.S. retirement accounts.
- The move reflects growing interest in tokenizing real-world assets among financial firms.