Kinka Officially Issues Tokenized Gold on the Cardano Blockchain

SINGAPORE, 14 April 2025 — EMURGO today announced the successful technical integration of its real-world asset (RWA) tokenization engine with Kinka, enabling Kinka to issue physical gold-backed tokens on the Cardano blockchain.

A subsidiary of UNBANKED, INC., a publicly-listed neo finance services company in Japan, Kinka (BVI), Ltd. has leveraged EMURGO’s tokenization engine to mint XNK tokens on the Cardano blockchain via this integration. This occasion marks the official issuance and launch of Kinka’s tokens on Cardano, showcasing the technical robustness of EMURGO’s tokenization engine and demonstrating the commercial viability of the Cardano network to support tokenized RWAs.

As an established provider of institutional-grade RWA tokenization technologies, EMURGO has developed and maintained its tech stack to allow institutions to securely tokenize assets in addition to administering a private key management system in alignment with industry best practices and client needs.

“EMURGO strongly believes tokenized RWAs are the future of financial services, and today’s announcement underscores our commitment and ability to bridge real-world assets with blockchain on an institutional scale. By providing the necessary technological infrastructure, we are thrilled to partner with Kinka to transform traditional assets such as gold into digital assets, thereby unlocking liquidity and more commercial opportunities,” said EMURGO CEO Ken Kodama.

“Gold has always been the world’s trusted store of value,” said Chris Lane, Director at UNBANKED, a publicly listed and regulated financial services company. “By tokenizing it on Cardano, Kinka makes gold programmable—ready to power lending, yield, and looping strategies across DeFi. Our goal is to bring real-world trust and stability into the decentralized economy.”

To date, the total value of tokenized RWAs, including stablecoins, has surged to nearly $250 billion today, reflecting the increased attention and adoption by institutional investors and enterprises in this new financial sector. [1] In March 2025, the total market capitalization for tokenized gold also hit an all-time high of $1.4 billion. [2]

About EMURGO

EMURGO is a co-founding entity of the Cardano Blockchain that drives the commercial adoption of blockchain technology and asset tokenization. Through strategic investments, partnerships, and infrastructure development, EMURGO connects traditional finance and Web3, enabling trust, scalability, and the tokenization of real-world assets.

To connect and learn more, visit https://emurgo.io.

About UNBANKED

UNBANKED, INC. is a publicly listed financial services company on the Japanese stock exchange, operating under rigorous regulatory oversight. With a mission to build a more inclusive and transparent financial system, UNBANKED leverages digital assets and decentralized technologies to modernize global finance. Its gold tokenization initiative, Kinka, delivers institutional-grade, on-chain gold designed for the next generation of decentralized finance. To learn more, visit https://unbanked.jp/.

Disclaimer

You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by EMURGO to invest.