One of Singapore's largest banks, OCBC, has launched a tokenized physical gold fund called GOLDX, marking a significant institutional endorsement for public blockchain infrastructure. The fund, developed in partnership with OCBC's asset management arm Lion Global Investors and digital asset exchange DigiFT, is issued on both the Ethereum and Solana blockchains.
The GOLDX token provides on-chain exposure to the LionGlobal Singapore Physical Gold Fund, which held approximately $525 million in assets under management as of mid-April. It is targeted at institutional investors, hedge funds, and asset managers. Investors can subscribe using stablecoins or fiat currency, with tokens delivered directly to their blockchain wallets.
Kenneth Lai, OCBC’s head of global markets, stated, "We believe digital assets will play an increasingly important role in financial services," highlighting the bank's strategy to bridge traditional finance with decentralized ecosystems. This launch is the first tokenized gold fund of its kind in Southeast Asia.
The news arrives as the broader tokenized real-world asset (RWA) market on public blockchains surpasses $29 billion, having grown more than 10% in the last 30 days. The article includes an Ethereum price prediction, suggesting the GOLDX launch could serve as a catalyst, with forecast models projecting a potential 2026 upside to around $3,050. It also mentions the LiquidChain project, which aims to unify liquidity across Bitcoin, Ethereum, and Solana.
