OCBC Bank of Singapore Introduces Gold-Backed Digital Token Across Ethereum and Solana Networks
Tokenized real-world assets deployed on public blockchain networks have surpassed $29 billion in total value, experiencing growth exceeding 10% over the past month.
One of Singapore's premier banking and financial services institutions, OCBC, has introduced a tokenized fund backed by physical gold, with its native digital token GOLDX being deployed across both the Ethereum and Solana blockchain networks.
The product rollout was executed in partnership with Lion Global Investors, the bank's asset management division, alongside digital asset trading platform DigiFT. Designed specifically for institutional investors, asset managers and hedge funds, the token enables transactions using both fiat currency and stablecoins. Following the subscription process, investors receive the token directly into their blockchain wallets, according to OCBC's announcement released on Monday.
According to Kenneth Lai, who serves as head of global markets at OCBC, this initiative represents a significant milestone in the bank's corporate roadmap and demonstrates its commitment to blockchain technology integration.
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.
Throughout 2026, the total value of tokenized real-world assets deployed on public blockchain networks has experienced continued expansion, currently exceeding $29 billion, representing an increase of more than 10% over the previous 30 days, based on information provided by rwa.xyz.
GOLDX token tied to a physical gold fund
The GOLDX token from OCBC provides blockchain-based exposure to the LionGlobal Singapore Physical Gold Fund, a fund that commenced operations in December and held approximately $525 million (669 million Singapore dollars) in assets under management as of April 16, based on data from OCBC.
According to OCBC, the tokenized fund is designed to appeal to participants within the Web3 ecosystem and high-net-worth individuals who are active within blockchain and cryptocurrency markets.
This is not OCBC's first foray into blockchain technology implementation, having previously launched its inaugural tokenized equity-linked note targeting accredited investors in 2023. The bank's total assets stood at approximately $526 billion as of December 2025.