Singapore’s OCBC launches tokenized gold fund on Ethereum and Solana
The value of tokenized real-world assets on public blockchains is estimated at more than $29 billion, up more than 10% in the last 30 days.
Singapore-based OCBC Bank has launched a tokenized gold fund deployed on both Ethereum and Solana blockchains. The digital asset represents physical gold holdings and allows investors to access precious metal exposure through blockchain technology. The move marks another major traditional financial institution entering the tokenized asset space.
The tokenized real-world assets (RWA) sector has experienced significant growth, with total value on public blockchains now estimated at over $29 billion. This figure represents an increase of more than 10% within the past 30 days, indicating strong momentum in the tokenization market. Real-world asset tokenization involves converting traditional assets like commodities, real estate, and securities into digital tokens that can be traded on blockchain networks.
OCBC's entry into tokenized gold represents the growing institutional adoption of blockchain-based financial products. Traditional banks are increasingly exploring tokenization as a way to offer clients digital alternatives to conventional investment vehicles. The dual-chain deployment on Ethereum and Solana provides investors with options across different blockchain ecosystems, potentially improving accessibility and liquidity.
The expansion of major banks into tokenized assets could accelerate mainstream adoption of blockchain-based investment products. Market participants will be watching whether other traditional financial institutions follow OCBC's lead in offering multi-chain tokenized commodity funds, particularly as regulatory frameworks continue developing across different jurisdictions.
Source: Cointelegraph
