Singapore’s OCBC launches tokenized gold fund on Ethereum and Solana

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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. 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. OCBC has used blockchain technology before, starting with its first tokenized equity-linked note for accredited investors in 2023. Its total assets were estimated at about $526 billion as of December 2025.

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