Flowra Ltd., a blockchain infrastructure company focused on validator and order flow solutions for Solana, has signed a Memorandum of Understanding (MOU) with Korea Gold Exchange Digital Asset Co. Ltd. (KorDA) to explore the use of gold-backed digital assets in supporting Solana validator infrastructure.
Under the proposed model, KGLD, a gold-backed digital asset held or managed by KorDA or an authorized affiliate, could be used as collateral to secure $SOL.
The $SOL could then be delegated to Solana validators through Flowra’s infrastructure, allowing gold-backed assets to indirectly support validator operations and network growth.
Flowra and KorDA also plan to explore sourcing $SOL from the Solana Foundation, exchanges, institutional investors, lending providers, and other large $SOL holders.
The companies are considering the launch of the Flowra-KorDA Delegation Program (FKDP), which would allocate sourced $SOL to eligible validators.
Under the proposed structure, Flowra would provide Solana infrastructure, 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.
The companies would also establish standards for validator selection, $SOL allocation, and the distribution of revenue from staking rewards, block rewards, and MEV tips.
The initiative is intended to explore a potential link between real-world assets and blockchain infrastructure.
Rather than using tokenized gold solely for holding or trading onchain, the proposed model would examine whether gold-backed digital assets could help unlock capital for blockchain infrastructure.
Any use of KGLD as collateral, as well as $SOL sourcing or delegation arrangements, would remain subject to legal and regulatory review, due diligence and separate definitive agreements.
Any collateral used under the proposed structure would be segregated from Flowra’s assets and held through an eligible independent custodian, escrow arrangement or multisignature wallet. Flowra would not custody the collateral.
The MOU has an initial 12-month term, during which Flowra and KorDA will evaluate the proposed structure, potential counterparties, and requirements for launching the delegation program.
