SmartGold announces partnership with tokenization platform Chintai to bring approximately $1.6 billion worth of treasury gold on-chain
Jinse Finance reported that US gold IRA service provider SmartGold has announced a partnership with tokenization platform Chintai to bring approximately $1.6 billion worth of treasury gold on-chain. This collaboration will tokenize gold and link it to self-directed retirement accounts (IRA), enabling investors to access the DeFi sector while maintaining the tax advantages of their retirement accounts. SmartGold specializes in self-directed individual retirement accounts (IRA) backed by physical gold. Traditionally, these assets are static, stored in vaults, and can only appreciate in value over time. Through tokenization in partnership with Chintai, SmartGold offers retirement savers a way to unlock liquidity without selling gold or triggering taxable events.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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