OCBC Launches Tokenized Gold Fund on Ethereum and Solana Networks

Singaporean banking giant OCBC has made a significant foray into the world of tokenized real-world assets with the launch of its GOLDX tokenized physical gold fund on the Ethereum and Solana networks. This move marks Southeast Asia's first such initiative, as OCBC continues to push the boundaries of traditional finance in the decentralized finance (DeFi) space.

The GOLDX token offers institutional investors exposure to the LionGlobal Singapore Physical Gold Fund, which held $525.9 million in assets under management as of April 16. The fund is issued within a regulated framework anchored by three entities overseen by the Monetary Authority of Singapore: OCBC, Lion Global Investors, and DigiFT.

According to OCBC, the GOLDX token can be subscribed to and redeemed using either stablecoins or fiat currencies, with holdings delivered directly to investors' blockchain wallets. This development is part of a broader strategic push by OCBC to bridge traditional finance with DeFi and enable stablecoin capital to be invested in real-world assets while maintaining institutional standards.