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Singapore’s OCBC Debuts Tokenized Gold Fund on Ethereum and Solana

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Singapore’s OCBC has rolled out GOLDX, a tokenized on-chain fund that provides exposure to the LionGlobal Singapore Physical Gold Fund. The token, issued on Ethereum and Solana, targets institutional investors, hedge funds and asset managers, and can be bought with stablecoins or fiat. After subscription, the fund’s shares are delivered directly to investors’ blockchain wallets. OCBC describes the move as a milestone in its blockchain-focused strategy and a step toward bridging traditional finance with decentralized finance.

Industry data tracked by rwa.xyz shows tokenized real-world assets on public blockchains reaching a value of more than $29 billion, having risen more than 10% in the past 30 days. The broader trend underscores growing interest in on-chain access to traditional assets such as gold, real estate, and commodities.

Key takeaways

  • The GOLDX token provides on-chain exposure to the LionGlobal Singapore Physical Gold Fund and is issued on Ethereum and Solana, signaling a multi-chain approach to tokenized assets for institutions.
  • Investors can acquire GOLDX using stablecoins or fiat, with on-chain delivery of the tokenized fund’s exposure to their wallets after subscription.
  • OCBC notes the underlying fund had about US$525 million (S$669 million) in assets under management as of April 16, according to the bank’s disclosures, highlighting the scale of the tokenized fund itself.
  • OCBC’s broader footprint includes total assets estimated at about US$526 billion as of December 2025, reflecting the bank’s ongoing experimentation with blockchain-enabled financial products since its 2023 tokenized equity-linked note for accredited investors.
  • Tokenized real-world assets on public blockchains are valued at over US$29 billion, up more than 10% in the last month, according to rwa.xyz, signaling sustained demand for on-chain access to traditional assets.

GOLDX: On-chain exposure to a physical gold fund

The GOLDX token is tied to the LionGlobal Singapore Physical Gold Fund, which OCBC says launched in December and has attracted institutional interest as a way to gain on-chain exposure to physical gold without the friction of traditional custody arrangements. The underlying fund’s on-chain representation is designed to appeal to Web3 ecosystem participants and high-net-worth individuals who operate within blockchain and crypto markets, according to OCBC.

OCBC’s asset management arm collaborated with Lion Global Investors and digital-asset exchange DigiFT to bring GOLDX to market. The token’s utility lies in enabling institutions to access a tangible gold reserve via a blockchain-native instrument, while settlement and ownership records run on-chain. Kenneth Lai, head of global markets at OCBC, framed the move as part of a broader corporate strategy to integrate digital assets into mainstream financial services. He said, “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.”

As a sign of the fund’s scale, the LionGlobal Singapore Physical Gold Fund reportedly held around US$525 million in assets as of April 16, with OCBC citing an asset base of roughly US$526 billion for the bank group as a whole in its December 2025 disclosures. The GOLDX rollout follows OCBC’s earlier experiments with tokenized investment products, including a 2023 tokenized equity-linked note issued to accredited investors, showcasing a continuing push into tokenized finance.

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A broader trend: tokenized assets expanding on public blockchains

The emergence of GOLDX sits within a wider market dynamic where tokenized real-world assets are increasingly being represented on public networks. rwa.xyz tracks the sector and notes the total value of tokenized assets on public blockchains has surpassed $29 billion, with gains of more than 10% over a 30-day window. For traditional banks and asset managers, this trend offers a pathway to new liquidity channels and broader investor access, albeit with ongoing questions about custody, settlement reliability, and regulatory alignment.

OCBC’s approach with GOLDX reflects a deliberate strategy to blend regulated, traditional assets with blockchain-enabled delivery and settlement. By tying a token to a regulated gold fund and enabling on-chain trading and settlement, OCBC signals a willingness to experiment with tokenized structures that could scale if liquidity and custody arrangements meet institutional standards. The bank’s leadership has repeatedly emphasized the potential for digital assets to complement conventional finance, rather than replace it, as part of a gradual, standards-driven evolution of the sector.

For investors and builders, the GOLDX launch highlights a practical pathway for on-chain access to regulated, physical assets. It also underscores the importance of cross-chain compatibility, given the token’s presence on both Ethereum and Solana, two ecosystems with distinct liquidity profiles and security models. If GOLDX and similar instruments can demonstrate robust on-chain settlement, low friction, and clear regulatory guardrails, they could become a template for broader institutional adoption of tokenized funds in Southeast Asia and beyond.

As the market monitors this development, questions remain about scale, long-term liquidity, and how regulatory regimes will shape tokenized product design. Observers will be watching for updates on the GOLDX program, potential expansions to other asset classes, and how OCBC continues to balance its traditional banking operations with a growing portfolio of blockchain-based offerings.

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Looking ahead, the pace of adoption will hinge on how well tokenized funds deliver transparent on-chain custody, reliable settlement, and standardized disclosures that satisfy institutional due diligence. Regulatory clarity—particularly around tokenized securities and on-chain fund structures—will play a decisive role in shaping the trajectory of OCBC’s blockchain initiatives and the broader market for tokenized real-world assets.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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The KelpDAO thieves just moved $175 million as the laundering process begins

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The KelpDAO thieves just moved $175 million as the laundering process begins

The hackers that stole $290 million in the KelpDAO exploit are beginning to launder their ill-gotten gains, according to onchain sleuth ZachXBT and data from Arkham.

Arkham shows that the wallet in control of the proceeds of the exploit sent two transfers of $117 million and $58 million on the Ethereum blockchain during European hours on Tuesday.

ZachXBT reported that a portion of the stolen funds has already begun moving across chains. Roughly $1.5 million was bridged from Ethereum to Bitcoin via Thorchain, alongside an additional $78,000 routed through the privacy protocol Umbra. North Korean hackers Lazarus Group have previously used protocols like Thorchain to launder funds.

Cross-chain routing and privacy tools are commonly used in the early ‘layering’ stage of laundering, suggesting the attacker may be preparing to further disperse the funds across multiple venues.

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The KelpDAO exploit is one of the largest decentralized finance breaches in recent months, spurring a wave of negative sentiment across the DeFi sector and fears over contagion will spread to other blockchains.

Layer 2 network Arbitrum said Monday it had frozen $71 million in ether linked to the hack, a move that could pressure the exploiter to accelerate efforts to move and launder the remaining funds.

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Bank of Korea Governor Supports CBDCs, Deposit Tokens in First Speech

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Bank of Korea Governor Supports CBDCs, Deposit Tokens in First Speech

The newly appointed Governor of the Bank of Korea, Shin Hyun-song, has voiced support for central bank digital currencies (CBDCs) and tokenized deposits in his first public address.

Shin, who began his four-year term after an inauguration ceremony in Seoul on Tuesday, said the central bank will advance the second phase of “Project Hangang,” a Bank of Korea-led pilot project to test a blockchain-based, wholesale CBDC system.

He also pointed to international cooperation efforts, including the “Agora Project,” an international collaborative initiative launched in April 2024 by the Bank for International Settlements (BIS) and seven central banks to explore the tokenization of cross-border payments. Shin said these initiatives “will elevate the status of the Korean won in the digital payment environment.”

While previous reports had suggested Shin was open to won-based stablecoins, he did not mention stablecoins in his inaugural speech.

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South Korea’s stablecoin bill remains stalled, with regulators and lawmakers split over whether issuance of won-pegged tokens should be limited to commercial banks or opened up to non-bank players such as fintech and tech firms.

Related: South Korea draft bill puts stablecoins, RWAs under finance laws: Report

Shin flags geopolitical risks

Shin also mentioned rising tensions in the Middle East and its effect on oil prices, saying that the Bank of Korea must adapt to rising uncertainty driven by geopolitical shocks, inflation pressures and shifts in the global economy.

“We must strive for price and financial stability through the operation of prudent and flexible monetary policy,” he said.

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Top Korean crypto exchanges. Source: CoinGecko

Shin was the BIS economic adviser from May 2014 to March 2026 and also served as head of the Monetary and Economic Department from January 2025, according to the BIS website.

Last month, he published an academic paper arguing that stablecoins fail to meet a core property of money, “unity,” because blockchain networks are inherently fragmented across different chains with varying fees, security and decentralisation levels.

Related: Naver-Dunamu filing sets IPO committee, listing timeline for fintech group

South Korea to test tokenized deposits for government spending

South Korea’s Ministry of Economy and Finance is preparing to test blockchain-based payments for selected government expenses as part of a regulatory sandbox exploring distributed ledger technology in public finance.

The pilot will use tokenized deposits to execute government operational spending, with a full rollout targeted for the fourth quarter of 2026. The initial phase will be launched in Sejong City and will include conditions such as limits on timing and spending categories.

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