Crypto market maker DWF Labs has completed its first physical gold trade.
The transaction marks a rare move by a crypto-native firm into commodities.
Managing partner Andrei Grachev confirmed settlement earlier this week.
The initial trade involved a single twenty five kilogram gold bar.
Grachev described the transaction as a test tranche.
He said the firm plans to scale physical commodities trading.
Future ambitions include silver platinum and cotton markets.
The gold trade used traditional bullion custody infrastructure.
No blockchain or onchain settlement tools were used.
The approach contrasts with tokenisation trends in crypto markets.
Many digital asset firms currently focus on real world asset tokens.
DWF Labs instead opted for direct exposure to legacy markets.
The move comes amid strong performance in precious metals.
Gold prices have surged to repeated record highs.
Bullion demand has been driven by macroeconomic uncertainty.
Central bank buying has supported gold’s sustained rally.