Klaytn Foundation, the establishment behind the South Korea-born public blockchain Klaytn, announced today that it has onboarded $GPC (Gold-Pegged Coin) and its supporting DeFi platform Goldstation on its blockchain.

Klaytn, the blockchain developed by South Korean internet giant Kakao, said in a statement shared with The Block that CREDER, a South Korea-based digital transformation firm, launched the $GPC token, making it the first gold token to be offered on DeFi outside of Ethereum. It is also the first tokenized gold that does not charge a percentage-based fee for transactions, according to Klaytn. 

Klaytn said $GPC users will benefit from Klaytn blockchain’s low gas fees, allowing them to allocate small investments to purchase gold. Crossing out percentage-based transaction …