Singapore’s OCBC Enters Tokenized Gold Market with GOLDX

Highlights:

• OCBC launched GOLDX to provide large investors with easy on-chain access to physical gold.
• GOLDX runs on Ethereum and Solana, a first for tokenized gold funds in Southeast Asia.
• The launch brings together real gold backing, public blockchains, and regulated access for eligible investors.

Singapore’s OCBC Bank has made a significant move into digital assets. On Monday, the bank, along with its asset management arm, Lion Global Investors, and the digital asset exchange, DigiFT, introduced the OCBC-LionGlobal Physical Gold Fund Token, called GOLDX. 

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This new token gives institutional investors regulated, on-chain access to physical gold. It works on both Ethereum and Solana blockchains, making it the first tokenized physical gold fund available on a public blockchain in Southeast Asia.

GOLDX Links Physical Gold with Blockchain Access

OCBC stated that institutional investors, including banks, hedge funds, asset managers, and approved corporate investors, can subscribe to GOLDX through DigiFT using stablecoins or fiat currencies. After the purchase, the tokens are sent directly to the investor’s blockchain wallet. Later, they can be exchanged for stablecoins or fiat.

OCBC said the product provides investors with on-chain exposure to the LionGlobal Singapore Physical Gold Fund, the underlying fund. Simply put, the token is tied to a fund backed by real physical gold, not a synthetic crypto product. The companies said this structure is designed to combine the trusted value of gold with the speed and flexibility of public blockchain networks.

The release also states that the token will work in a regulated environment. OCBC, Lion Global Investors, and DigiFT are all regulated by the Monetary Authority of Singapore. The companies said this setup aims to provide better oversight, clear asset backing, and strong risk controls at the institutional level.

OCBC stated it initiated and led the setup of the token’s issuance. The bank collaborated with DigiFT on the tokenization and digital distribution process. At the same time, Lion Global Investors supplied the investment structure and governance for the underlying gold fund.

Singapore's OCBC bank launched a tokenized gold fund on $ETH and $SOL, giving crypto-native investors on-chain access to a physical gold fund with $525M under management.

It's the first tokenized gold fund of its kind in Southeast Asia. pic.twitter.com/XbhUu3yoif

— Token Metrics (@tokenmetricsinc) April 21, 2026

OCBC Targets Growing Demand for Tokenized Assets

The companies expect demand for tokenized real-world assets to keep rising, especially in Asia. OCBC said GOLDX could appeal to Web3 investors such as family offices and high-net-worth individuals who already hold large amounts of stablecoins. GOLDX may give them a regulated way to use that capital.

OCBC mentioned that the wider tokenized asset market is growing rapidly. According to Allium data, the market increased from $1.89 billion to over $18.23 billion in just two years. The bank also noted that Singapore is becoming an important center for digital asset regulation and infrastructure. 

The time could also be ideal for launching. According to the OCBC report, the LionGlobal Singapore Physical Gold Fund reached a value of S$669.4 million, roughly $525.9 million, within four months of its launch. The rapid growth shows that investors are seeking gold-backed products with rigorous monitoring.

Executives Share Their View on the GOLDX Launch

Kenneth Lai, Head of Global Markets at OCBC, said the launch supports the bank’s new corporate strategy, The Next Frontier. He mentioned that digital assets are expected to play a larger role in financial services. By bringing real-world assets like gold on-chain, OCBC aims to help stablecoin capital flow into traditional investments while upholding institutional standards.

Teo Joo Wah, Chief Executive Officer, Lion Global Investors, said:

“The LionGlobal Singapore Physical Gold Fund was created for investors who are not just seeking exposure to gold but also the assurance of physical asset backing and robust institutional governance.”

Henry Zhang, Founder and Group CEO of DigiFT, said gold is still an important part of many investment portfolios. He said this launch gives eligible investors a regulated digital way to invest in gold and works with existing custody and settlement systems.

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