OCBC Launches Tokenized Gold Fund on Ethereum and Solana Blockchains

OCBC, Singapore's largest bank, has taken a significant step into the world of decentralized finance by launching a tokenized physical gold fund on the Ethereum and Solana blockchains.

The GOLDX token allows institutional investors to access a physically backed gold investment without relying on traditional settlement systems. This innovative product is designed for hedge funds, asset managers, and other large investors seeking exposure to gold through blockchain-based infrastructure.

According to OCBC, the tokenized gold fund is linked to the LionGlobal Singapore Physical Gold Fund, which held around $525 million in assets as of mid-April. The bank has stated that the product can be subscribed to using either fiat or stablecoins, with allocations delivered directly to investors' blockchain wallets after purchase.

The launch of GOLDX marks a significant milestone for OCBC, positioning it among a growing list of global banks moving regulated financial products on-chain. As tokenized real-world assets continue to gain traction, this move demonstrates the bank's commitment to bridging traditional finance with decentralized finance.