DWF Labs Settles First Physical Gold Transaction, Expands into Commodities Market
DWF Labs has completed its first physical gold transaction, involving a 25-kilogram gold bar, as it expands into the commodities market. This move, aligned with rising commodities prices, will see the company also trading in silver, platinum, and cotton, while launching investment vehicles to promote crypto adoption. The expansion reflects a broader trend among crypto firms diversifying beyond digital assets.
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DWF Labs, a cryptocurrency market maker, has completed its first physical gold transaction, marking its entry into the commodities market. The trade involved a single 25-kilogram gold bar and was settled using traditional bullion custody and settlement infrastructure.
The company plans to scale its operations to include trading in silver, platinum, and cotton. This move comes amid rising commodities prices, with gold futures recently exceeding $4,500 per troy ounce.
DWF Labs has also launched investment vehicles, including a $250 million Liquid Fund and a $75 million institutional DeFi fund, aimed at promoting crypto adoption. The expansion into physical commodities reflects a trend among crypto firms to diversify beyond digital assets. Other companies, like Coinbase, are exploring tokenization of traditional assets, while several crypto firms seek to enter the banking sector.
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