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 conducted in partnership with its asset management arm, Lion Global Investors, and digital asset exchange DigiFT. The token targets 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, stated that the initiative is part of a new corporate strategy and marks 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 risen in 2026, now exceeding $29 billion, up more than 10% in the past 30 days, according to data from rwa.xyz.
OCBC’s GOLDX token provides on-chain exposure to the LionGlobal Singapore Physical Gold Fund, which launched in December and had approximately $525 million (669 million Singapore dollars) in assets under management as of April 16, according to OCBC.
The tokenized fund aims to attract Web3 ecosystem participants and high-net-worth individuals active in blockchain and cryptocurrency, according to OCBC.
OCBC previously utilized blockchain technology with its first tokenized equity-linked note for accredited investors in 2023. Its total assets were estimated at approximately $526 billion as of December 2025.
Source: X.com
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