Tokenized Gold Fund Launches on Southeast Asia's Public Blockchain

Tokenized physical gold funds have become increasingly popular in recent times due to their ability to provide investors with a secure and transparent way of investing in gold.

The latest development in this space comes from OCBC, Lion Global Investors, and DigiFT, which have collaborated to launch the first tokenized physical gold fund on a public blockchain in Southeast Asia. The GOLDX token is issued on both Ethereum and Solana blockchains and can be subscribed to using stablecoins or fiat currencies.

The underlying instrument for the GOLDX token is the LionGlobal Singapore Physical Gold Fund, which has gained significant traction since its launch. With assets under management of S$669.4 million ($525.9 million) as of April 16, this fund has demonstrated the demand for gold investments in uncertain economic times.

According to the companies involved, the GOLDX token is designed to provide institutional-grade governance, risk management controls, and transparent asset backing while retaining the efficiency and interoperability benefits of public blockchain infrastructure. This innovative product aims to bridge traditional finance with decentralized finance and enable stablecoin capital to be invested in real-world assets.