DWF Labs has taken a rare step for a purely crypto company by officially entering the physical commodities market, with its first transaction of physical gold recently completed. According to managing partner Andrei Grachev, this is a trial transaction, involving a 25 kg gold bar, paid for and held through the traditional infrastructure of the precious metals market, rather than using blockchain technology. The company stated it will scale up and aim to trade other commodities such as silver, platinum, and cotton.
This move comes in the context of the commodities market, particularly precious metals, experiencing strong growth and outperforming most of the cryptocurrency market due to macroeconomic instability. Gold prices have consistently reached new highs, while Bitcoin and the crypto market, in general, have been less vibrant.
At the same time, DWF Labs continues to strengthen its digital asset segment through large investment funds, demonstrating a strategy of diversification between the traditional market and the digital market.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
DWF Labs' physical gold trading signals a shift of cryptocurrency capital towards commodities.
DWF Labs has taken a rare step for a purely crypto company by officially entering the physical commodities market, with its first transaction of physical gold recently completed. According to managing partner Andrei Grachev, this is a trial transaction, involving a 25 kg gold bar, paid for and held through the traditional infrastructure of the precious metals market, rather than using blockchain technology. The company stated it will scale up and aim to trade other commodities such as silver, platinum, and cotton.
This move comes in the context of the commodities market, particularly precious metals, experiencing strong growth and outperforming most of the cryptocurrency market due to macroeconomic instability. Gold prices have consistently reached new highs, while Bitcoin and the crypto market, in general, have been less vibrant.
At the same time, DWF Labs continues to strengthen its digital asset segment through large investment funds, demonstrating a strategy of diversification between the traditional market and the digital market.