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Singapore’s OCBC launches tokenized gold fund on Ethereum and Solana
TL;DR
OCBC has launched a tokenized gold fund called GOLDX on Ethereum and Solana, targeting institutional investors. The fund allows purchases with stablecoins and fiat currencies, directly delivering tokens to investors' blockchain wallets.
Key points
- OCBC launched a tokenized gold fund called GOLDX
- The token is issued on Ethereum and Solana
- Targeted at institutional investors and asset managers
- Purchases can be made with stablecoins and fiat currencies
- Tokens are delivered directly to investors' blockchain wallets
Mentioned in this story
OCBCLion Global InvestorsDigiFT
EthereumSolanaGOLDX
OCBC, one of Singapore’s largest banking and financial services corporations, has launched a tokenized physical gold fund, with the underlying token, GOLDX, issued on both Ethereum and Solana.
The launch was made together with its asset management arm, Lion Global Investors and digital asset exchange DigiFT. The token is aimed at institutional investors, hedge funds and asset managers and can be bought and sold using both stablecoins and fiat currencies. After subscription, the token is delivered directly to investors’ blockchain wallets, OCBC said on Monday.
Kenneth Lai, head of global markets at OCBC, said the move is part of a new corporate strategy and a milestone in the corporation’s blockchain-focused approach.
“We believe digital assets will play an increasingly important role in financial services and our focus is on bridging traditional finance with the emerging world of decentralized finance,” he said.
The value of tokenized real-world assets on public blockchains has been on the rise in 2026, and is sitting at over $29 billion, up over 10% in the last 30 days, according to data from rwa.xyz.
The value of tokenized real-world assets on public blockchains is estimated at $29 billion. Source: rwa.xyz
GOLDX token tied to a physical gold fund
OCBC’s GOLDX token offers on-chain exposure to the LionGlobal Singapore Physical Gold Fund, which launched in December and had about $525 million (669 million Singapore dollars) in assets under management as of April 16, according to OCBC.
Related: Singapore Gulf Bank adds stablecoin mint and redeem for 24/7 settlement
The goal of the tokenized fund is to attract Web3 ecosystem participants and high-net-worth individuals who operate in blockchain and cryptocurrency ecosystems, according to OCBC.
Q&A
What is the GOLDX token launched by OCBC?
The GOLDX token is a tokenized physical gold fund issued by OCBC on Ethereum and Solana, aimed at institutional investors.
How can investors purchase the GOLDX token?
Investors can purchase the GOLDX token using both stablecoins and fiat currencies.
What is the significance of OCBC's tokenized gold fund launch?
The launch represents OCBC's strategy to integrate traditional finance with decentralized finance, highlighting the growing importance of digital assets in financial services.
