OCBC, one of Singapore’s largest banking and financial services companies, has launched a tokenized physical gold fund using GOLDX, the underlying token issued on both Ethereum and Solana.
The launch was made in collaboration with Lion Global Investors, the company’s asset management arm, 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. OCBC said on Monday that after subscription, the tokens will be delivered directly to investors’ blockchain wallets.
Kenneth Lai, head of global markets at OCBC, said the move is part of a new corporate strategy and a milestone in the company’s blockchain-focused approach.
“We believe that digital assets will play an increasingly important role in financial services, and we are focused on bridging the worlds of traditional finance and the emerging decentralized finance,” he said.
The value of tokenized real-world assets on public blockchains is on an upward trend in 2026, increasing by more than 10% in the past 30 days to reach more than $29 billion, according to data from rwa.xyz.
GOLDX token linked to physical gold fund
According to OCBC, OCBC’s GOLDX token provides on-chain exposure to the Lion Global Singapore Physical Gold Fund, which was established in December and manages approximately US$525 million (S$669 million) in assets as of April 16.
Related: Singapore Gulf Bank adds stablecoin mint, redeems for 24/7 payments
According to OCBC, the goal of the tokenized fund is to attract participants in the Web3 ecosystem and high-net-worth individuals active in the blockchain and cryptocurrency ecosystems.
OCBC has previously used blockchain technology, starting with its first tokenized equity-linked bond for accredited investors in 2023. Its total assets are estimated to be approximately $526 billion as of December 2025.
magazine: Will the CLARITY Act be good or bad for DeFi?
