Flowra and KorDA Eye Gold-Backed Collateral for Solana Validators
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 as collateral for Solana validators.
The partnership aims to evaluate whether KGLD, a gold-backed digital asset held or managed by KorDA or an authorized affiliate, could be used to secure SOL for validator delegation. The proposed structure would allow Flowra and KorDA to source SOL from the Solana Foundation, exchanges, institutional investors, lending providers, and other large SOL holders.
Flowra would provide the Solana infrastructure for the initiative, including its Open Orderflow Auction (OOA), Programmable Block Policy (PBP) and Block Engine technology. KorDA would oversee validator operations, including servers, monitoring, and key management.