OCBC Launches Tokenized Physical Gold Fund on Ethereum and Solana

OCBC, one of Singapore's largest banking and financial services corporations, has launched a Tokenized Gold Fund, under its token GOLDX, issued on both Ethereum and Solana.

The launch was held in association 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 registration, the token will be delivered directly to investors' blockchain wallets, OCBC said on Monday.

OCBC's Global Market Head, Kennett, said this move is part of a new corporate strategy and a major milestone in the corporation's blockchain-focused approach.

“We believe that digital assets will play an increasingly important role in financial services and our focus is on connecting traditional finance to the new world of decentralized finance,” he said.

The value of tokenized real-world assets on public blockchains will increase by 2026 and is set at more than $29 billion, more than 10% in the last 30 days, according to data from rwa.xyz.

GOLDX token tied to the material gold fund

The OCBC GOLDX token provides on-chain exposure to the Lion Global Singapore Physical Gold Fund, which was launched in December and had about US$525 million (S$669 million) in assets under management as of April 16, OCBC reported.

Related: Singapore's Gulf Bank adds stablecoin to Mint and 24/7 settlement redemption

The tokenized fund's goal is to attract Web3 ecosystem participants and high-net-worth individuals working in the blockchain and crypto ecosystem, OCBC reported.

OCBC has used blockchain technology before and in 2015 Starting with the first registered equity-linked note to accredited investors in 2023. Its total assets are estimated to be around $526 billion by December 2025.

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