
OCBC launched Physical Gold Fund Token

OCBC, along with Lion Global Investors and DigiFT, has launched the OCBC-LionGlobal Physical Gold Fund Token (GOLDX token), Southeast Asia's first tokenized physical gold fund on a public blockchain. The GOLDX token, issued on Ethereum and Solana, allows institutional and accredited corporate investors to subscribe using stablecoins or fiat currencies. It is backed by three MAS-regulated entities, ensuring strong governance and risk management. The token provides on-chain exposure to the LionGlobal Singapore Physical Gold Fund, which has seen significant growth. Strong demand is anticipated from Web3 participants, including family offices and high-net-worth individuals.
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