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RAAC has announced partnership with I-ON Digital to issue $200 million in tokenized gold and to launch a new stablecoin, pmUSD, backed by precious metals and real-estate collateral. Coinspeaker said the deal also positions RAAC among the top RWA protocols by TVL.
A related press release detailed terms, including I-ON deploying its LBMA-priced ION.au gold asset into RAAC and RAAC’s plan to roll out pmUSD for DeFi strategies that include real estate. The release added that I-ON would invest up to $1 million in RAAC as a founding partner of its RWA federation.
I-ON Digital’s website describes platform for digitizing and tokenizing gold with “regulatory compliance and transparency,” framing the supply chain from mine to digital vault—context for how ION.au feeds collateral into pmUSD and related vaults.
“This deal marks a historic moment for the integration of physical, real-world assets from traditional to decentralized finance,” said Kevin Rusher, Founder of RAAC. “We believe the integration of steady, reliable assets like gold is how we support open finance to achieve its full potential.” The statement was included releasealongside remarks from I-ON’s CEO Carlos X. Montoya.
Background: Tokenization turns rights in assets such as gold or property into digital tokens that can move and settle quickly. Stablecoins like pmUSD can use baskets of collateral—including precious metals and real estate—to target steady value and unlock on-chain lending and payments. RAAC earlier outlined roadmap to connect real estate and commodities with DeFi through borrowing, lending, and proof-of-reserves.
If execution matches the plan, developers could tap pmUSD as a settlement asset across RWA markets, while property owners might access new credit lines against tokenized holdings. For investors, the pitch is simple: faster settlement, smaller entry amounts, and clearer audit trails tied to real assets, without leaving trusted custody stacks.
