Monetary Metals and ORO Labs have partnered to launch the world’s first yield-bearing gold token on the Solana blockchain. This groundbreaking initiative moves beyond traditional gold-backed tokens, offering investors a new way to participate in the precious metal market. 🤯
Unlike previous solutions, the ORO token delivers tangible returns, transforming gold into an asset that generates income.
This breakthrough is possible through ORO’s smart contract infrastructure integrated with Monetary Metals’ Gold Yield Marketplace®, which has been providing interest-earning access to physical gold and silver since 2016. 🤩
Usman Saleem, CEO of ORO Labs, commented on the partnership’s significance: “We’ve transformed gold from a passive holding into a yield-bearing, blockchain-native asset. Monetary Metals created a fixed income category for precious metals and we’re proud to link our technology with their real-world financing flows.