Flowra, KorDA explore gold-backed Solana validator infrastructure

• Flowra and KorDA will explore gold-backed collateral for Solana validators.
• KGLD could help secure SOL for a proposed validator delegation program.
• The 12-month MOU remains subject to regulatory review and due diligence.

Flowra Ltd. and Korea Gold Exchange Digital Asset Co., Ltd. (KorDA) have signed a memorandum of understanding (MOU) to explore using gold-backed digital assets to support Solana validator infrastructure.

The partnership will examine whether KGLD, a gold-backed digital asset held or managed by KorDA or an authorized affiliate, could be used as collateral to secure SOL.

The companies said the SOL could then be delegated to Solana validators through Flowra’s infrastructure, potentially creating a link between tokenized gold and the operation of the Solana network.

The MOU, signed in Seoul, has an initial 12-month term.

During that period, the companies will evaluate the proposed structure, potential counterparties, and the requirements for launching a delegation program.

Gold-backed assets could support SOL

Under the proposed model, Flowra and KorDA would explore sourcing SOL from the Solana Foundation, exchanges, institutional inves...