April 23, 2026
By Shubhii Verma
OCBC, one of Singapore’s largest banks, has introduced a tokenized physical gold fund, marking another step in the growing link between traditional finance and blockchain technology. The bank launched the product with its asset management arm, Lion Global Investors, and digital asset exchange DigiFT. The underlying token, called GOLDX, is issued on two major blockchains, Ethereum and Solana.
The token is designed mainly for institutional investors, hedge funds, asset managers, and high-net-worth individuals. Investors can buy and sell the token using both stablecoins and regular fiat currencies. Once the purchase is complete, the GOLDX tokens are sent directly to the investor’s blockchain wallet, giving them on-chain access to a real-world asset.
According to OCBC, this launch is part of a broader strategy to bring blockchain deeper into its financial services. Kenneth Lai, Head of Global Markets at OCBC, said the bank sees digital assets becoming increasingly important in finance. The goal, he explained, is to bridge the gap between traditional banking and decentralized finance (DeFi).
The GOLDX token represents exposure to the LionGlobal Singapore Physical Gold Fund, a fund that holds real, physical gold. This fund was launched in December and had around $525 million in assets under management as of mid-April. By tokenizing this fund, OCBC is making it accessible to participants in the Web3 and crypto ecosystem who prefer holding assets through blockchain wallets instead of traditional accounts.
This move comes at a time when the tokenization of real-world assets (RWAs) is gaining strong momentum. Data from rwa.xyz shows that the value of tokenized RWAs on public blockchains has crossed $29 billion in 2026, with over 10% growth in just the past month. Assets like gold, bonds, real estate, and funds are increasingly being represented as tokens on blockchain networks, making them easier to trade, settle, and access globally.
OCBC is not new to blockchain experiments. In 2023, the bank issued its first tokenized equity-linked note for accredited investors. The launch of GOLDX shows how the bank is now expanding from small pilots to larger, asset-backed tokenized products.
With total assets of around $526 billion as of December 2025, OCBC’s entry into tokenized gold signals how major banks are seriously exploring blockchain as part of their long-term digital transformation.
