OCBC, Lion Global Investors and DigiFT launch Southeast Asia’s first on-chain tokenised physical gold fund

OCBC, Lion Global Investors and DigiFT have launched what they describe as Southeast Asia’s first tokenised physical gold fund on a public blockchain, in the latest sign that regulated real-world asset tokenisation is moving further into mainstream institutional finance.

OCBC Office

The new product, the OCBC-LionGlobal Physical Gold Fund Token (GOLDX), is issued on both Ethereum and Solana and gives eligible institutional and accredited investors on-chain exposure to the performance of the LionGlobal Singapore Physical Gold Fund. Investors can subscribe using either fiat currency or stablecoins through DigiFT’s platform, with the token delivered directly to blockchain wallets and redeemable back into fiat or stablecoins.

The launch is notable not simply because it brings a traditional safe-haven asset on-chain, but because it does so through a structure built entirely around regulated entities in Singapore. OCBC, Lion Global Investors and DigiFT are all regulated by the Monetary Authority of Singapore, giving the product a clearer compliance and governance framework than many earlier digital gold offerings in the market.

Tokenised gold is not new, but much of the digital-asset market has long relied on loosely structured products or offshore vehicles that have struggled to win the trust of more traditional investors. In this case, the pitch is different: physically backed gold exposure, institutional governance, and public blockchain distribution combined in a format designed for modern digital custody and settlement.

This reflects a broader shift in tokenisation. Much of the recent focus has centred on tokenised money market funds, Treasury products and private credit. Gold, however, is a logical next step. It is globally recognised, easy to understand, and particularly attractive in periods of geopolitical tension and macroeconomic uncertainty. That backdrop may help explain the timing. The underlying LionGlobal Singapore Physical Gold Fund had already reached S$669.4 million in assets under management as of April 16, just four months after launch.

OCBC said the initiative forms part of its wider digital-assets strategy, with the bank leading the structuring and commercial framework of the issuance. DigiFT provided the tokenisation and distribution platform, while Lion Global Investors supplied the investment framework and governance for the underlying fund.

The launch also highlights Singapore’s growing role as a hub for regulated digital-asset infrastructure in Asia. The city-state continues to build around a more institutional model: real-world assets, regulated venues, and products designed to connect traditional finance with blockchain-based capital and settlement rails.

If tokenisation is to scale, it will need more products like this: simple underlying assets, credible managers, regulated distribution, and a clear operational use case.