OCBC has launched a tokenised physical gold fund, issuing its GOLDX token across Ethereum and Solana as part of its digital asset strategy.
The token, developed with Lion Global Investors and DigiFT, allows institutional investors to gain exposure to physical gold through blockchain-based ownership.
Investors can subscribe using fiat or stablecoins, with tokens delivered directly to blockchain wallets, bridging traditional finance and decentralised systems.
“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 decentralised finance,”
Said Kenneth Lai.
The GOLDX token is backed by the LionGlobal Singapore Physical Gold Fund, which holds about $525 million in assets under management.
The launch comes as tokenised real-world assets on public blockchains exceed $29 billion, reflecting growing institutional interest in blockchain-based financial products.
OCBC’s move builds on its earlier blockchain initiatives and signals increasing adoption of tokenisation among major financial institutions.
At the time of reporting, Ethereum price was $2,323.51.