OCBC Bank in Singapore launches tokenized gold fund on Ethereum and Solana

CoinFeed reported on April 21 that, according to Cointelegraph, Lion Global Investors, an asset management arm of OCBC Bank in Singapore, and other institutions have launched a tokenized physical gold fund. Its underlying token, GOLDX, is issued on Ethereum and Solana and is targeted at institutional investors, hedge funds, and asset management companies. It can be traded using stablecoins and fiat currency. The token is pegged to the LionGlobal Singapore Physical Gold Fund, which launched last December and managed approximately $525 million in assets as of April 16.