BlockBeats News, April 21st - Lion Global Investors, the asset management arm of OCBC, one of Singapore's largest banks, has launched a tokenized physical gold fund. The underlying token GOLDX has been issued on the Ethereum and Solana blockchains. The token is targeted at institutional investors, hedge funds, and asset management firms, and can be traded with stablecoins and fiat. Upon subscription, the tokens will be directly delivered to the investors' blockchain wallets.Kenneth Lai, Head of Global Markets at OCBC, stated that this move is part of the company's new strategy aimed at "bridging traditional finance with the emerging decentralized financial world." The tokenized fund is designed to attract Web3 ecosystem participants and high-net-worth individuals.The GOLDX token provides on-chain exposure to LionGlobal's Singapore Physical Gold Fund, which was launched in December last year and managed assets of around $525 million as of April 16th. Data shows that the value of tokenized real-world assets on public blockchains has exceeded $29 billion, with a growth of over 10% in the past 30 days. OCBC has been exploring blockchain technology applications since issuing tokenized stock-linked notes for eligible investors in 2023.