OCBC, one of Singapore’s largest banking and financial services groups, has launched a tokenized physical gold fund designed to expand access to digital investment products. The fund’s token, known as GOLDX, is issued on both Ethereum and Solana blockchains, enabling cross-chain accessibility for institutional investors.
The initiative was developed in partnership with Lion Global Investors and DigiFT, a digital asset exchange. The token is targeted primarily at institutional participants such as hedge funds, asset managers, and high-net-worth investors. Investors can subscribe using fiat currencies or stablecoins, with GOLDX delivered directly to blockchain wallets after purchase.
Tokenized Gold Fund Strengthens Bridge Between Traditional Finance and DeFi
According to OCBC, the GOLDX token represents exposure to the LionGlobal Singapore Physical Gold Fund, which manages physical gold holdings. The underlying fund, launched in December, held approximately $525 million in assets under management as of mid-April.
OCBC executives described the launch as part of a broader strategy to integrate blockchain technology into traditional financial services. The bank’s leadership emphasized the growing importance of digital assets in global finance and the role of tokenization in connecting conventional markets with decentralized finance ecosystems.
Tokenized Real-World Assets Continue Rapid Growth
The launch comes amid accelerating growth in tokenized real-world assets, which are now estimated to exceed $29 billion globally across public blockchains. This represents an increase of more than 10% in the past month, reflecting rising institutional interest in blockchain-based financial instruments and asset digitization trends across the industry.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.