OCBC, its asset management arm Lion Global Investors, and Singapore-regulated digital asset exchange DigiFT have launched a tokenized physical gold fund, marking the first time a physical gold fund has been made available on a public blockchain in Southeast Asia, according to an announcement on Monday.
The OCBC-LionGlobal Physical Gold Fund Token, branded as GOLDX, is issued on both the Ethereum and Solana blockchains. Through the DigiFT platform, institutional investors, including banks, hedge funds, and asset managers, as well as corporate accredited investors will be able to subscribe using stablecoins or fiat currencies, with the token delivered directly to their blockchain wallets and redeemable for stablecoin or fiat on exit.
The GOLDX token is issued within a fully regulated environment anchored by three MAS-regulated entities — OCBC, Lion Global Investors, and DigiFT — providing investors with institutional-grade governance, risk management controls, and transparent, verifiable asset backing, while retaining the efficiency and interoperability benefits of public blockchain infrastructure.
The underlying instrument is the LionGlobal Singapore Physical Gold Fund, which has gained significant traction in the current macro environment. Amid persistent geopolitical and economic uncertainties, the fund recorded S$669.4 million ($525.9 million) in assets under management as of April 16, just four months after its launch.
OCBC originated and led the structuring of the GOLDX token's issuance, shaping the product architecture and commercial framework, while Lion Global Investors provided the investment framework and governance of the underlying fund.
"Our focus is on bridging traditional finance with the emerging world of decentralised finance," Kenneth Lai, head of global markets at OCBC, said in a statement. "By bringing real-world assets on-chain — like we have done with this token — we aim to enable stablecoin capital to be invested in these assets while maintaining the standards and safeguards expected by investors."
The GOLDX token is expected to attract demand from web3 ecosystem participants, including family offices and high-net-worth individuals who operate within blockchain-based environments and hold significant capital in stablecoins in Asia, much of it currently sitting idle.
"This milestone reflects a broader shift: public blockchain ecosystems are entering the mainstream, with institutions such as OCBC actively participating in this evolution.The new chapter of DigitalFinance will be defined by institutional-grade governance, trust, and robust risk management, as in GOLDX," Steven Hu, OCBC's head of digital assets, said in a LinkedIn post .
The launch comes as the tokenized real-world asset market continues to scale rapidly. According to Allium, the tokenized RWA market surpassed $18.23 billion by January 2026, up almost tenfold from $1.89 billion in January 2024. Gold, as an asset class with broad recognition among both traditional and crypto-native investors, has become a natural entry point for institutions looking to demonstrate the utility of onchain financial products.
