Auram Conducts DeFi On-Chain Lending Using Gold RWA Tokens as Collateral ~Also Develops AI Agent to Autonomously Detect and Block Gold Price Data Anomalies~

Auram Inc. (Headquarters: Chuo-ku, Tokyo; Representative Director: Kazuhiro Fukuda; hereinafter "Auram") is a startup developing a "Movable Property Digital Ledger" that records the transfer of ownership or establishment of collateral for real assets on the blockchain without moving the physical assets, protecting the owner's privacy while allowing independent verification by third parties. We are pleased to announce that we have conducted a Proof of Concept (PoC) for DeFi on-chain lending, where cryptocurrency (WAVAX) is lent out using ownership NFTs of tangible assets such as gold ingots as collateral, utilizing our proprietary movable property digital ledger platform "AURAM" which records and manages the ownership of tangible assets on the blockchain as NFTs.

This PoC was carried out as an adopted project of the "AUTON Agentic Economy Accelerator Program 2026," an acceleration program themed around the fusion of AI agents and Decentralized Finance (DeFi), and its results will be announced at the Demo Day held on Monday, July 13th. Auram will begin recruiting financial institutions for loans in Japanese yen and stablecoins collateralized by gold RWA tokens, as well as businesses for cryptocurrency lending partnerships, to commercialize this technological foundation.

Key Points of This Release

Demonstrated a mechanism for on-chain lending collateralized by gold ingot ownership: We implemented and recorded on the public blockchain a series of cycles, from the establishment of collateral for gold ingots using Article 184 of the Civil Code (transfer of possession by instruction) to the lending, repayment, and release of collateral for cryptocurrency (WAVAX) using the ownership NFT as collateral, all without moving the physical assets from the vault.

Developed the AI agent "Oracle Guardian Agent" to detect and address the "oracle problem" of gold prices: An autonomous AI agent that monitors and blocks price oracle anomalies without human intervention was operated on the demo site of our gold ingot trading platform "KINGOT." This is a concrete implementation example of AI x DeFi, as advocated by AUTON.

Initiated recruitment of partners for commercialization: We are seeking partnerships with financial institutions for yen-denominated loans collateralized by gold ingots, and businesses engaged in cryptocurrency lending.

Background

Gold prices have quadrupled over the past five years, and demand for it as a safe-haven asset is increasing globally. However, there are limited ways to leverage the value of held gold ingots, while the institutional environment for RWA and on-chain finance is rapidly developing to support this. This PoC was conducted at the intersection of these "dormant assets" and "favorable policy tailwinds."

Why is the value of gold ingots dormant?

Concerns are growing about the risk of real value erosion of cash and deposits due to prolonged global inflation. Gold, a real asset resistant to inflation, is regaining attention as a hedge, and cases of asset management companies and corporations holding gold ingots are increasing. However, options for utilizing the value of these held assets are limited. Selling them incurs capital gains tax, failing to meet the need for financing without realizing embedded gains. Real estate has a registration system that facilitates collateralization and ownership transfer, but tangible assets like gold ingots generally lack such public registration systems. Consequently, even when financial institutions provide Asset-Backed Lending (ABL), there are significant costs associated with identifying, valuing, and continuously managing collateral, making it difficult for small and medium-sized corporations to access due to the burden of screening and procedures.

RWA Tokens and On-Chain Finance: Favorable Policy Tailwinds

RWA (Real World Assets) refers to the concept of tokenizing real assets such as real estate, precious metals, and bonds on the blockchain to enable digital trading, management, and collateral utilization. The global market is growing rapidly, currently led by bonds and real estate, but RWA tokens backed by gold, with its high liquidity and price transparency, are also expected to expand in the future.

In Japan, the "Next-Generation AI/On-Chain Finance Initiative PT" within the Liberal Democratic Party's Digital Society Promotion Headquarters, in its "Digital Nippon 2026" proposal compiled in May 2026, advocates for promoting on-chain finance and strengthening asset management by tokenizing RWA. This proposal outlines a policy to enhance the connectivity between assets and currencies through on-chain lending collateralized by tokenized RWA. Furthermore, the "Basic Policy on Economic and Fiscal Management and Reform 2026" (Basic Policy 2026), released in June 2026, also explicitly mentions "promoting on-chain finance."

This PoC corresponds to a concrete technical demonstration of RWA-collateralized on-chain lending, in line with these policy directions. Gold, being a real asset with a constantly published market price for objective and clear valuation and high liquidity in a global market, makes this PoC a step forward in the social implementation of on-chain finance using RWA tokens.

Overview of the AURAM Platform

"AURAM" is a "Movable Property Digital Ledger" platform that records and manages the ownership of real assets such as gold ingots as restricted-transfer NFTs (proprietary implementation based on ERC-721) on the blockchain. By implementing Article 184 of the Civil Code (transfer of possession by instruction) on-chain, we have built a system that allows the safe transfer of ownership of gold ingots stored in a vault without physically moving them (patent pending). The recorded NFTs can be viewed and verified by anyone on the public blockchain (Avalanche Fuji Testnet).

Movable Property Digital Ledger Platform "AURAM" Possession Agent Dashboard

This PoC is our first initiative to implement and record the process of establishing and releasing collateral without moving the physical assets, by locking and unlocking AURAM's NFTs that record the ownership of gold ingots on a smart contract. This further develops our technological foundation from trading to collateral and lending. Additionally, our press release announced in June 2026 explains the platform's details, including a legal structure for specific custody where customers retain ownership (real rights) and a privacy design that records only the individual identification hash value on-chain. Please refer to it as well.

Auram Conducts Technical Demonstration of Trading That Transfers Ownership of Gold Ingots Without Moving Them From the Vault ~Begins Recruiting Trading and Custody Partners~

https://prtimes.jp/main/html/rd/p/000000001.000180175.html

Participation in the AUTON Program and Announcement of "AUTON - Agentic Economy Accelerator Program - Demo Day"

Auram was selected for the "AUTON Agentic Economy Accelerator Program 2026" (https://www.auton-program.com/), jointly organized by SMBC Nikko Securities Inc., University of Tokyo Creation Platform Development Co., Ltd. (UTokyo IPC), Fracton Ventures Inc., Next Finance Tech Inc., and Prime Beat Inc. Over approximately three months, we have been advancing technological development and business validation with the support of mentors. This program aims to create a new economic sphere by fusing Decentralized Finance (DeFi) and Artificial Intelligence (AI).

At the Demo Day to be held next week on Monday, July 13th, we will present a detailed demonstration of this PoC and a presentation by Auram's representative, Fukuda, to announce our achievements. We will also offer individual consultations regarding partnerships for commercialization. We look forward to welcoming financial institutions and cryptocurrency-related businesses.

Item

Details

Event Name

AUTON - Agentic Economy Accelerator Program - Demo Day

Date and Time

July 13, 2026 (Mon) 13:00 - 17:00 (Reception opens 12:30)

Venue

HOOPS Link (Shin-Marunouchi Building 15F, 1-5-1 Marunouchi, Chiyoda-ku, Tokyo)

Participation Method

Pre-approval required (pre-registration necessary). Due to venue capacity, participants will be selected from registered individuals, and notification of acceptance or rejection will be sent via email from the secretariat around July 10th.

Application

https://luma.com/6e6pde5i

Overview of Technical Demonstration (PoC)

Purpose of Demonstration

We executed a loan of cryptocurrency (WAVAX) using NFTs that record the ownership of gold ingots as collateral, without moving the physical assets from the vault. The primary focus was to confirm the ability to implement and reproduce the entire cycle of collateral establishment, lending, repayment, and collateral release as tamper-resistant and third-party verifiable records on the blockchain. This PoC is a verification of the technical and legal structure conducted under the premise that Auram owns the gold ingots, and does not involve the transfer of physical ownership or legally valid collateral establishment (WAVAX is actually exchanged on-chain). For technical verification, this was the first stage conducted between two corporations represented by our representative, Kazuhiro Fukuda (Hands-On Inc. as lender, Auram Inc. as borrower). We will proceed with verification involving third parties who do not have capital or management relationships.

Transaction Flow

We reproduced the establishment of collateral based on Article 184 of the Civil Code (transfer of possession by instruction) without moving a 100g gold ingot stored in a vault.

Transaction Flow Based on "Transfer of Possession by Instruction" (Civil Code Article 184)

We recorded the owner's (borrower's) instruction and the collateral agent's (lender's) consent on the blockchain, submitted the ASSET NFT (proprietary implementation with transfer restrictions) as collateral, updated its status to "Collateral Established," and locked it on the smart contract. After price confirmation, WAVAX was lent out, and the entire cycle of collateral submission, lending, repayment, and collateral release was recorded on the public blockchain. While WAVAX was actually exchanged, the physical ownership of the gold ingot used as collateral was not transferred.

Item

Details

Collateral Asset

One gold ingot (100g, 999.9, demonstration sample)

Ownership NFT

AURAM ASSET NFT (with transfer restrictions)

Lending Target

AVAX (WAVAX) / Loan Amount: 1 AVAX

Loan Period

1 day (repayment the next day)

Chain Used

Avalanche Fuji Testnet

Lender

Hands-On Inc.

Borrower

Auram Inc. (assumed to be the owner of the gold ingot)

* The images of the ingots and the engraved information such as manufacturer name and serial number registered and disclosed in this PoC are all demonstration samples and do not represent products of any specific real manufacturer. For registration of actual items in the production service, the photos and engraved information of the physical items to be registered will be used.

Development of Autonomous AI Agent "Oracle Guardian Agent"

Both trading and collateral lending of gold ingots are based on the premise that "prices are obtained correctly." If trading continues with a faulty, stopped, or anomalous price oracle, it can lead to misvaluation of collateral and cause damage to users (the "oracle problem" in blockchain). Auram has developed an autonomous AI agent, "Oracle Guardian Agent," to monitor and block this fundamental risk without human intervention, and has operated it on the demo site of its gold ingot trading platform "KINGOT." The status of its price reconciliation (monitoring) can be checked in real-time by anyone on the public page "Oracle Deviation Monitor" (no login required).

Public Page "Oracle Deviation Monitor": https://kingot.auram.co.jp/oracle

Public Page "Oracle Deviation Monitor"

Main Functions (Excerpts):

Price Oracle Safety Device: Constantly compares gold prices from Twelve Data (real-time) and Chainlink XAU/USD (referencing on-chain price feeds). If deviation or update stoppage is detected, it automatically halts price determination and trading, maintaining the halt until safety is confirmed.

Autonomous Investigation of Causes by LLM: Upon stoppage, the AI (Claude Opus 4.8) autonomously investigates each price source, RPC, chain operating status, and web search, categorizes the cause (e.g., genuine sharp fluctuation / feed failure / API or RPC failure), and generates individual reports.

Hybrid Design of Execution = Rules / Judgment = LLM: Incorporates AI's non-determinism into financial circuit breakers without compromising safety. Deterministic rules are used for the "stop/revert" safety mechanism, while AI is entrusted with cause investigation and explanation.

Automatic Restart with Guardrails: When conditions recover, low-risk situations are automatically restarted, while high-risk situations (ambiguous, failure, etc.) require human approval.

All judgments are recorded as inference logs and audit logs, preparing for accountability and post-event verification. This function is one of the foundational technologies supporting the reliability of "on-chain finance collateralized by real assets" that Auram aims for, and is a concrete implementation example of AI x DeFi advocated by AUTON.

How to View NFTs and Smart Contracts

The status of NFTs on the AURAM Movable Property Digital Ledger, which recorded the collateral establishment to release in this PoC, can be viewed and confirmed by anyone on the following public pages.

"AURAM Movable Property Digital Ledger - Public Status": https://auram-poc.auram.co.jp/status

Third-Party Verification Guide (Procedure for anyone to independently verify): https://auram-poc.auram.co.jp/verify

AURAM Movable Property Digital Ledger - Public Status

NFTs record an individual identification hash (identificationHash) calculated from five elements: manufacturer, serial number, weight engraving, fineness engraving, and photo hash, on-chain. The original data (serial number, original photo, etc.) is managed by a permissioned registry, and only wallet addresses not linked to real names and hashes are publicly disclosed. The entire transaction history, including collateral lock, repayment, and collateral release, is published in a tamper-resistant manner.

Regulatory Compliance

The lending of cryptocurrency (AVAX) is categorized as not falling under "lending of money" under the Money Lending Business Act. Furthermore, the NFTs issued by AURAM are designed with transfer restrictions via smart contracts, preventing free transfer or secondary circulation outside the platform. This restricted-transfer design aligns with the direction of regulatory-compliant on-chain finance (DeFi-R / CeDeFi) that limits participation to KYC-verified addresses and tokens with transfer restrictions. These NFTs are records on the "Movable Property Digital Ledger" that record the attribution of ownership, and the NFTs themselves are not subject to trading.

Regarding this matter, we have consulted with the Financial Services Agency's FinTech Support Desk and received an opinion that, based on our explanation, these NFTs are considered not to fall under the category of investment trust beneficiary interests or crypto assets.

Recruitment of Partners: Partnership for Commercialization

Through this PoC, we have confirmed the effectiveness of the technological foundation for utilizing gold RWA tokens as collateral assets. Auram is now beginning to recruit partners in the following areas for commercialization.

Partnership with Financial Institutions: Yen-denominated Loans Collateralized by Gold Ingots

We propose utilizing Auram's movable property ledger as a foundation for collateral management in yen-denominated collateralized loans (ABL - Asset-Backed Lending) for gold ingots, accommodating various collateral methods. By combining the公示 (public notice) of tamper-resistant and third-party verifiable ownership and collateral status with strict physical management in partner vaults, we aim to contribute to reducing the difficulties in identifying and valuing collateral and management costs, including preventing double pledging, which have been traditional challenges.

In the future, we also envision on-chain yen-denominated lending targeting yen-denominated stablecoins such as JPYC and JPYSC, and welcome partnerships with issuers and related businesses (yen-denominated lending requires money lending registration, etc., and will be pursued in the commercialization phase with compliance systems in place; it was not included in this PoC).

Partnership with Cryptocurrency-Related Businesses: Cryptocurrency Lending Collateralized by RWA Tokens

We are exploring collaboration with cryptocurrency-related businesses for the commercialization of cryptocurrency lending collateralized by gold RWA tokens. By making the ownership NFTs on the blockchain issued by Auram available as standard collateral assets, we will provide the cryptocurrency market with a new category of collateral backed by real assets. Auram itself will not issue cryptocurrencies, but will focus on being a neutral property and collateral layer, connecting with regulatory-compliant tokens issued by third parties.

We welcome inquiries from businesses interested in collaboration in any of the above areas. Further details will be explained at the Demo Day venue on July 13th.

Representative Profile

Kazuhiro Fukuda, Representative Director (https://www.auram.co.jp/representative.html)

After engaging in research on multi-agent AI at Tohoku University's Graduate School of Information Sciences, he worked at Toshiba Corporation and Sony Corporation before starting his own ventures. He is a serial entrepreneur who has sold three businesses he founded through M&A.

While managing businesses, he has personally experienced numerous pain points as an individual investor in real estate, stocks, angel investments, and investments in real assets including gold ingots, such as low liquidity, opaque provenance, and difficulty in collateral utilization. With the conviction that "these unresolved issues can definitely be resolved through the power of technology and business," he founded Auram Inc. in 2026.

Auram Inc. Company Overview

Corporate Philosophy: "Creating Trust. Towards a World Where Dormant Real Assets Can Be Utilized Without Being Sold."

The tangible value of real assets, including gold, often lies dormant in vaults in exchange for "safety." Auram records the ownership and collateral status of physical assets on an immutable movable property digital ledger without moving them from the vault, building a foundation of trust that protects the owner's privacy while allowing authorized third parties, such as financial institutions, to verify authenticity when needed. Once established, this trust will accompany the assets, transforming dormant real assets into assets that can be safely traded and utilized as collateral without being sold. It provides corporations with preparedness for inflation and exchange rate fluctuations, as well as liquidity, and individuals with steady asset formation.

Item

Details

Company Name

AURAM Inc.

Location

Nihonbashi Royal Plaza 706, 17-1 Nihonbashi-Kabutocho, Chuo-ku, Tokyo 103-0026

Representative

Kazuhiro Fukuda, Representative Director

Established

February 25, 2026

Capital

5 million yen

Business Activities

Operation of real asset trading platforms, services for recording ownership and collateral of movable property using blockchain (movable property digital ledger), and media operation related to asset management.

URL

https://www.auram.co.jp/

Contact for Inquiries Regarding This Matter

Auram Inc. Public Relations

URL: https://www.auram.co.jp/contact.html