Overview
- OCBC introduced GOLDX on public networks Ethereum and Solana in partnership with Lion Global Investors and DigiFT.
- The token tracks the LionGlobal Singapore Physical Gold Fund, which held about $525 million in assets in mid-April.
- Investors can subscribe using fiat currencies or stablecoins, and tokens are delivered straight to their blockchain wallets after allocation.
- The bank is targeting hedge funds, asset managers, and other large investors seeking exposure to physically backed gold on-chain.
- The launch fits a wider shift of regulated products onto open networks, with tokenized real-world assets above $29 billion and peers such as JPMorgan rolling out on-chain funds.