SmartGold & Chintai tokenize $1.6 billion in IRAs for DeFi collateral

A groundbreaking initiative has brought the world of decentralized finance closer to self-directed retirement accounts with the tokenization of over $1.6 billion in physical gold held within IRAs through a partnership between SmartGold and Chintai. This landmark development marks the first compliant framework for tokenizing IRA assets, allowing investors to utilize vaulted bullion as collateral within DeFi platforms without compromising tax advantages. 1:1 digital representations of these holdings are minted on Chintai’s regulated platform, providing investors with verifiable proof of ownership while safeguarding their bullion in secure custody.