DWF Labs’ physical gold trade signals crypto capital’s move into commodities
Crypto market maker DWF Labs settled its first physical gold transaction, signaling a shift toward traditional commodities.Summary
DWF Labs, a cryptocurrency market maker, has entered the physical commodities market by settling its first physical gold transaction, a 25-kilogram bar, using conventional bullion infrastructure rather than blockchain technology. Managing partner Andrei Grachev indicated plans to expand into trading physical silver, platinum, and cotton. This move contrasts with the trend of tokenizing real-world assets, as DWF Labs directly engaged with the legacy commodities market amid strong commodity momentum, where gold and silver have recently outperformed crypto due to macroeconomic uncertainty and central bank buying. Beyond commodities, DWF Labs continues to expand in digital assets with significant investment funds. This foray into physical assets reflects a broader trend of crypto-native firms diversifying revenue by entering legacy markets, similar to Coinbase's ambition to become an "everything exchange" by tokenizing stocks, and other firms seeking regulated banking structures.
(Source：Cointelegraph)