- OCBC launched GOLDX to provide large investors with convenient access to physical gold through Block.
- GOLDX, powered by Ethereum и Solana, became the first tokenized gold fund in Southeast Asia.
Singapore’s OCBC Bank, together with its asset management arm Lion Global Investors and digital asset exchange DigiFT, unveiled token OCBC-LionGlobal’s physical gold fund, called GOLDX.
According to statement OCBC, new token provides institutional investors with regulated access to physical gold through BlockIt works on blockchains. Ethereum и Solana, making it the first tokenized physical gold fund available on a public blockchain in Southeast Asia.
The bank stated that institutional investors, including banks, hedge funds, asset managers, and approved corporate investors, can subscribe to GOLDX through DigiFT using stablecoins or fiat currencies. After purchase, tokens are sent directly to Block- investor’s wallet. They can later be exchanged for stablecoins or fiat currencies.
With GOLDX, investors gain access to LionGlobal’s Singapore-based physical gold fund through Block. Simply put, token pegged to a fund backed by real physical gold, rather than a synthetic crypto product. According to company representatives, this structure is designed to combine the reliability of gold with the speed and flexibility of public Block-networks.
We believe that digital assets will play an increasingly important role in the financial services industry, and our goal is to connect traditional finance with the emerging field of decentralized finance, said Head of Global Markets at OCBC Kenneth Lai.
In 2026, the value of tokenized real-world assets (RWAs) on public blockchains grew to exceed $29 billion, an increase of more than 10% over the past 30 days, according to rwa.xyz.
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