OCBC Launches $526 Million Physical Gold Fund Token on Solana

OCBC has brought a $526 million physical gold fund onchain through the launch of $GOLDX on Solana (high-speed blockchain network).

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Summary

OCBC has launched $GOLDX on Solana (high-speed blockchain network), bringing a $526 million physical gold fund onchain. The announcement identifies the product as tied to a physical gold fund, indicating a tokenized real-world asset structure in which an offchain asset is represented using blockchain infrastructure. The source does not provide further details on custody, investor access, fund structure, redemption terms, or regulatory arrangements.

Terms & Concepts
  • Tokenized real-world asset: A blockchain-based representation of an offchain asset, such as gold, bonds, or real estate.
  • Solana: A high-speed blockchain network commonly used for digital asset issuance and decentralized applications.
  • Onchain: A term meaning that asset records or transactions are represented and processed on a blockchain.