Summary
OCBC launched Southeast Asia's first tokenized physical gold fund (GOLDX) on Ethereum and Solana, regulated by MAS. The underlying fund reached $525.9M AUM in 4 months. The model bridges traditional regulated finance with Web3 distribution, targeting family offices and HNWIs holding significant stablecoin capital in Asia.
Key Points
- Product: OCBC-LionGlobal Physical Gold Fund Token (GOLDX)
- Blockchains: Ethereum and Solana
- Platform: DigiFT (MAS-regulated digital asset exchange)
- Three MAS-regulated entities: OCBC (bank), Lion Global Investors (asset manager), DigiFT (exchange)
- Underlying fund: LionGlobal Singapore Physical Gold Fund
- Fund AUM: S$669.4M ($525.9M) as of April 2026 (4 months post-launch)
- Investors: institutional (banks, hedge funds, asset managers) + corporate accredited
- Subscription/redemption: stablecoins or fiat currencies
- Target demand: Web3 ecosystem participants with idle stablecoin capital
- Broader RWA tokenization in Asia:
- Singapore: MAS Project Guardian, tokenized deposits, bond tokenization
- Hong Kong: tokenized green bonds, stablecoin sandbox
- Japan: JPYC, SBI JPYSC, tokenized deposits
- South Korea: won stablecoin legislation in progress
- Key advantage: regulated wrapper gives institutional investors confidence
- Key challenge: bridging gap between DeFi liquidity and regulated asset management