A new institutional-grade tokenized fund backed by physical gold was introduced in Singapore. The product is available on public blockchains and is the first of its kind launched in Southeast Asia.
OCBC, asset manager Lion Global Investors, and crypto exchange DigiFT announced the launch of a tokenized fund backed by physical gold, the OCBC-LionGlobal Physical Gold Fund Token (GOLDX). The token is issued on the Ethereum and Solana blockchains and is aimed at institutional and accredited corporate investors.
Investors can purchase GOLDX through the DigiFT platform using fiat or stablecoins. After purchase, the tokens are delivered directly to blockchain wallets and can later be redeemed with withdrawals in fiat currency or stablecoins.
The new product is fully regulated, as all participating entities are licensed by the Monetary Authority of Singapore (MAS):
- OCBC is responsible for structuring the issuance;
- DigiFT handles tokenization and digital distribution;
- Lion Global Investors manages the underlying asset, the LionGlobal Singapore Physical Gold Fund.
The underlying fund showed rapid growth. Just four months after launch, its assets under management reached S$669.4 million (~$525.9 million).
The new instrument is expected to attract strong interest from participants in the Web3 ecosystem, including family offices and high-net-worth individuals. In Asia, significant volumes of capital held in stablecoins remain uninvested, and products like this could provide a channel for allocating those funds into traditional assets.
The launch of GOLDX also strengthens Singapore’s position as a leading global hub for the regulation and development of digital assets. The new instrument combines traditional gold investment with the advantages of blockchain infrastructure, including transparency, faster settlement, and compatibility with digital financial services.
In March 2026, the World Gold Council (WGC) introduced an initiative to create a unified infrastructure aimed at accelerating the development of tokenized gold and simplifying its integration into the financial system.
