OCBC Launches Tokenized Gold Fund on Ethereum, Solana

Singapore's Oversea-Chinese Banking Corporation (OCBC), one of the region's largest banks, launched a tokenized physical gold fund on Monday, introducing the GOLDX token on the Ethereum and Solana blockchains. The product targets institutional investors and provides on-chain exposure to physical gold reserves, marking the first such offering available on public blockchains in Southeast Asia.

The GOLDX token is linked to the LionGlobal Singapore Physical Gold Fund, managed by OCBC's asset management arm, Lion Global Investors. The underlying fund, which launched in December 2025, held approximately S$669.4 million (about $525 million) in assets under management as of April 16, 2026. Each token represents a direct claim on investment-grade physical gold stored in London Bullion Market Association-approved vaults, ensuring a one-to-one backing verified through regular independent audits.

Developed in partnership with Singapore-regulated digital asset exchange DigiFT, the token allows subscriptions using fiat currencies or stablecoins. Upon purchase, allocations are delivered directly to investors' blockchain wallets, enabling near-real-time settlement and redeemability for...