Singapore bank OCBC has launched GOLDX, a tokenised gold fund based on Ethereum and Solana.

Cointelegraph, a blockchain outlet, reported on April 21 that OCBC issued the underlying GOLDX token with its asset management affiliate Lion Global Investors and digital asset exchange DigiFT.

The product primarily targets institutional investors, hedge funds and asset managers. Investors can buy and sell GOLDX using stablecoins and fiat currencies, and once subscription is completed the token is delivered directly to the investor’s blockchain wallet.

OCBC said the fund was launched in December last year and had about $525 million in assets under management as of April 16. It is a case of the banking sector linking an existing gold fund to a public blockchain-based token, aligning with changes in distribution methods for traditional financial products.

Kenneth Lai (케네스 라이), head of global markets at OCBC, described the launch as “part of a new corporate strategy and a milestone in a blockchain-centric approach.” He said digital assets would play an increasingly important role in financial services, and that OCBC’s focus is on connecting the worlds of traditional finance and decentralised finance (DeFi).

OCBC said the product aims to attract Web3 ecosystem participants and high-net-worth individuals active in the blockchain and cryptocurrency ecosystem. It is structured to target both existing financial-sector clients and participants in digital asset markets, rather than simply offering exposure to gold prices. As a result, a trend to combine banking-sector assets with public blockchain liquidity through tokenised products is becoming clearer.

Market conditions are also supportive. RWA.xyz said the value of tokenised real-world assets (RWA) based on public blockchains has exceeded $29 billion in 2026. The increase over the past 30 days was also above 10 percent. As the assets spread to traditional assets such as bonds, funds and gold, financial institutions are also speeding up efforts to expand issuance channels and secure investor touchpoints.

OCBC previously introduced tokenised equity-linked securities for accredited investors in 2023. The GOLDX launch is an extension of that. OCBC’s total assets stood at about $526 billion as of December 2025. Against this backdrop, the bank’s decision to issue a gold fund simultaneously on Ethereum and Solana is seen as a signal it is expanding beyond testing blockchain infrastructure into actual distribution of investment products.

Key points to watch are whether actual demand will settle around institutions, and what impact a structure that supports both stablecoins and fiat currencies will have on the design of digital asset products in traditional finance. OCBC said the role of digital assets would grow, and it also made clear it will focus on linking traditional finance and decentralised finance.