SmartGold and Chintai Tokenize $1.6B in IRA Gold for DeFi Collateral
The arrangement preserves IRA tax advantages by issuing 1:1 claims on vaulted, insured bullion through a regulated platform.
Overview
- SmartGold partnered with Chintai Nexus to create on-chain tokens that mirror specific IRA-held gold holdings on a one-to-one basis.
- Tokenized positions can be pledged on DeFi lending markets such as Morpho and Kamino to unlock dollar liquidity without selling the underlying metal.
- Chintai’s mid‑August integration of Chainlink’s CCIP and oracle services underpins cross-chain transfers, data feeds, and verifiable proof‑of‑reserves.
- The companies bill the rollout as the first compliant tokenization framework tailored to self-directed IRAs and one of the largest tokenized‑gold deployments to date.
- SmartGold’s Aaron Haley said the initiative addresses the long-standing trade-off between security and yield, though DeFi use still carries price, liquidation, and technical risks.