Marketnode, in collaboration with Singapore-based asset manager Lion Global Investors, is launching the latter’s Singapore Physical Gold Fund on the Solana blockchain. This initiative allows investors to gain exposure to gold bars that are securely stored and fully insured within Singapore.
Through Marketnode’s distribution network, investors can now subscribe to and redeem fund units directly onchain. Despite this digital integration, traditional custody arrangements remain intact, ensuring comprehensive insurance coverage for allocated gold bars along with an option for in-kind redemption, as detailed in a recent email announcement.
Additionally, Lion Global’s Enhanced Liquidity funds denominated in both SGD and USD will be accessible via the same blockchain platform.
The market capitalization of tokenized gold has surpassed $4.1 billion according to CoinGecko data. Recently, Bhutan introduced TER—a sovereign-backed gold token on Solana linked to its national reserves—shortly after Kyrgyzstan launched USDKG, a U.S. dollar-pegged stablecoin backed by gold.
The surge in gold prices—reaching an all-time high of $4,400 per ounce last October before adjusting back to around $4,200—and clearer regulatory frameworks such as the U.S.’s GENIUS Act have boosted growth within the tokenized gold sector. This market remains largely led by Tether’s XAUT and Paxos’ PAXG tokens.