Flowra and Korea Gold Exchange Digital Asset (KorDA) have signed a 12-month memorandum of understanding to examine whether a gold-backed digital asset can be used as collateral to secure Solana tokens for network validators.
The proposed arrangement would use KGLD, a gold-backed digital asset managed by KorDA or an authorised affiliate, to support the securing of Solana (SOL) tokens. Those tokens would then be delegated to validators operating on Flowra’s blockchain infrastructure.
The initiative comes as the market for tokenised real-world assets (RWAs) continues to expand. Tokenised gold is among the fastest-growing areas of the digital asset sector, with its total market capitalisation rising above $6bn.
The growth has been linked to increased institutional demand, strong central bank purchases of gold and greater geopolitical uncertainty. The market capitalisation of tokenised commodities has also increased significantly, outpacing traditional physical gold products.
Flowra and KorDA said the proposed model would connect RWAs directly to core blockchain infrastructure. Rather than remaining passive assets on-chain, tokenised gold could be used to help unlock capital for network operations.
As part of the agreement, the companies plan to establish the Flowra-KorDA Delegation Program (FKDP). The programme would allocate sourced SOL to eligible validators. The SOL is intended to come from institutional investors, lending providers and the Solana Foundation.
Flowra will provide its proprietary Solana infrastructure under the proposed division of responsibilities. That infrastructure includes its Block Engine, Programmable Block Policy and open orderflow auction technologies.
KorDA, meanwhile, would oversee validator operations. Its responsibilities would include server maintenance, continuous monitoring and key management.
The companies also plan to work together on criteria for selecting validators, rules governing the allocation of SOL and arrangements for distributing revenue generated through staking rewards, block rewards and maximum extractable value (MEV) tips.
However, no final launch has been confirmed. Any future rollout will be subject to regulatory review, legal compliance and the signing of definitive agreements.
Flowra will not take custody of any collateral under the proposed framework. Instead, the assets would be segregated and held through independent custodians, escrow accounts or multi-signature wallets.
The project reflects growing efforts to connect tokenised assets with the infrastructure supporting blockchain networks. Gold-backed digital assets have become a prominent part of the wider RWA market as financial institutions and other investors examine ways to bring traditional commodities on-chain.
The U.K.’s Financial Conduct Authority is also exploring how tokenised gold could be used in wholesale markets, including as collateral.
