OCBC Bank, a leading financial institution in Singapore, has launched a tokenized physical gold fund named GOLDX, which is issued on both Ethereum and Solana blockchains. This initiative, developed in collaboration with Lion Global Investors and DigiFT, is designed for institutional investors, hedge funds, and asset managers, allowing transactions with both stablecoins and fiat currencies. After subscription, tokens are delivered directly to investors' blockchain wallets. Kenneth Lai, head of global markets at OCBC, emphasized that this launch is a significant step in their blockchain-focused strategy, aiming to merge traditional finance with decentralized finance. The GOLDX token is linked to the LionGlobal Singapore Physical Gold Fund, which had approximately $525 million (about 669 million Singapore dollars) in assets under management as of April 16. The rise of tokenized real-world assets on public blockchains has been notable, reaching over $29 billion in value, reflecting a 10% increase over the past month. This fund aims to attract participants from the Web3 ecosystem and high-net-worth individuals involved in blockchain and cryptocurrency.