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OCBC, one of Singapore’s largest banking and financial services groups, has launched a tokenized physical gold fund, with the underlying token, GOLDX, issued on both Ethereum and Solana. The launch was carried out with its asset management arm, Lion Global Investors, and digital asset exchange DigiFT.
The token is designed for institutional investors, hedge funds and asset managers. OCBC said GOLDX can be bought and sold using stablecoins and fiat currencies, and that after subscription the token is delivered directly to investors’ blockchain wallets.
OCBC said the GOLDX token provides on-chain exposure to the LionGlobal Singapore Physical Gold Fund, which launched in December. As of April 16, the fund had about $525 million (669 million Singapore dollars) in assets under management.
OCBC said the tokenized fund aims to attract participants from the Web3 ecosystem and high-net-worth individuals who operate within blockchain and cryptocurrency ecosystems.
Kenneth Lai, head of global markets at OCBC, said the move is part of a new corporate strategy and a milestone in the bank’s blockchain-focused approach. He said: “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.”
OCBC has previously used blockchain technology, including its first tokenized equity-linked note for accredited investors in 2023.
OCBC cited data showing that the value of tokenized real-world assets on public blockchains has been rising in 2026, reaching more than $29 billion. The figure is reported as up over 10% in the last 30 days, according to rwa.xyz.
OCBC’s total assets were estimated at about $526 billion as of December 2025.
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