OCBC, one of Singapore’s largest banking and financial services companies, has launched a tokenized physical gold fund, with the underlying token, GOLDX, issued on both Ethereum and Solana.
The launch took place together with its asset management arm, Lion Global Investors and digital asset exchange DigiFT. The token is aimed at institutional investors, hedge funds and asset managers and can be bought and sold with both stablecoins and fiat currencies. Once subscribed, the token will be delivered directly to investors’ blockchain wallets, OCBC said on Monday.
Kenneth Lai, head of global markets at OCBC, said the move is part of a new business strategy and is a milestone in the company’s blockchain-focused approach.
“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,” he said.
The value of tokenized real-world assets on public blockchains will soar to over $29 billion by 2026, up more than 10% in the past 30 days, according to data from rwa.xyz.
GOLDX token linked to a physical gold fund
OCBC’s GOLDX token provides on-chain exposure to the LionGlobal Singapore Physical Gold Fund, which launched in December and had approximately $525 million (669 million Singapore dollars) in assets under management as of April 16, according to OCBC.
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The goal of the tokenized fund is to attract Web3 ecosystem participants and high-net-worth individuals active in blockchain and cryptocurrency ecosystems, OCBC said.
OCBC has used blockchain technology before, starting with the first tokenized equity-linked note for accredited investors in 2023. Total assets were valued at approximately $526 billion as of December 2025.
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