Marketnode, in collaboration with Lion Global Investors, is launching the Singapore Physical Gold Fund on the Solana blockchain, providing investors access to gold bars that are fully vaulted and insured in Singapore.
This fund allows investors to subscribe and redeem units onchain via Marketnode’s distribution network, while maintaining traditional custody and complete insurance on allocated bars, along with the option for in-kind redemption, as detailed in an announcement sent via email on Thursday.
Additionally, LionGlobal’s Enhanced Liquidity funds in both SGD and USD will also be accessible through the same platform.
The market capitalization for tokenized gold has surpassed $4.1 billion, according to CoinGecko. This week, Bhutan introduced TER, a sovereign-backed gold token on Solana linked to state reserves, shortly after Kyrgyzstan launched USDKG, a gold-backed stablecoin pegged to the U.S. dollar.
With rising gold prices hitting a record $4,400 an ounce in October before settling at $4,200, along with clearer regulations like the U.S. GENIUS Act, the tokenized gold market, largely driven by Tether’s XAUT and Paxos’ PAXG, has gained momentum.
