Singapore’s OCBC bank is bringing physical gold to public blockchains, offering institutional investors on-chain access to a fund with over $525 million in assets.
Back
Back
OCBC tokenizes $525 million gold fund on Ethereum and Solana
Oversea-Chinese Banking Corporation, one of Singapore’s largest banks, has launched a tokenized physical gold fund, issuing the GOLDX token on both the Ethereum and Solana networks in a significant move to bridge traditional financial assets with decentralized finance infrastructure.
“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,” Kenneth Lai, head of global markets at OCBC, said in a statement.
The GOLDX token offers direct on-chain exposure to the LionGlobal Singapore Physical Gold Fund, which held approximately $525 million in assets under management as of April 16. The token, developed with OCBC’s asset management arm Lion Global Investors and digital asset exchange DigiFT, can be purchased with both stablecoins and fiat currencies before being delivered to investor wallets.
The launch taps into a tokenized real-world asset (RWA) market that has grown over 10 percent in the last month to exceed $29 billion, according to data from rwa.xyz. By placing a traditional asset like gold onto high-speed blockchains, OCBC aims to attract crypto-native capital from hedge funds and Web3 participants, potentially setting a new precedent for institutional RWA adoption in Asia.
From Bank Vault to Blockchain
The initiative makes OCBC the latest major financial institution to explore tokenization, following moves by firms like BlackRock, which launched its own tokenized fund on the Ethereum network. The goal of the GOLDX token is to provide a regulated, on-chain version of a traditional safe-haven asset, targeting institutional investors, asset managers, and high-net-worth individuals already operating within the crypto ecosystem.
This is not OCBC’s first venture into digital assets. The bank, which held total assets of about $526 billion as of December 2025, previously launched a tokenized equity-linked note for accredited investors in 2023. The GOLDX launch represents a deeper integration with public blockchain infrastructure, utilizing both Ethereum, the largest smart contract platform by value, and Solana, a high-throughput competitor. The dual-chain approach allows the bank to cater to different ecosystems and investor preferences within the digital asset market.
The move by OCBC shows a broader strategic shift among traditional financial players, who are increasingly viewing blockchain not as a threat, but as a new set of rails for more efficient settlement, transparent record-keeping, and novel product creation. As regulatory clarity for digital assets improves globally, more banks are expected to follow suit, bringing trillions of dollars worth of traditional assets into the on-chain economy.
This article is for informational purposes only and does not constitute investment advice.
[1] Singapore’s OCBC launches tokenized gold fund on Ethereum and Solana[2] OCBC Launches GOLDX Tokenized Physical Gold Fund in Singapore[3] Ethereum Price Prediction: Singapore Largest Bank Launches Gold on ETH[4] From Traditional Finance To Digital Assets: How Institutional Players Are Driving The Mainstream Adoption Of Blockchain[5] Asia Is Rewiring Finance As Institutions Move Onchain[6] Innovating Finance Together Summit highlights the power of collaboration in a fast-changing financial landscape[7] SBI Remit Ripple Payments Network Adds Tottori Bank: 2026 Japan[8] U.S. crypto adoption is rebounding, bitcoin still dominates, Deutsche Bank says
Features
Resources
© 2026 Finture Development Limited. All rights reserved