MarketNode and Singapore-based asset manager Lion Global Investors have brought the latter’s Singapore Physical Gold Fund on-chain on Solana, offering exposure to gold bars that are fully stored and insured in Singapore.
According to an emailed announcement on Thursday, the fund will allow investors to subscribe to and redeem units on-chain through Market Node’s distribution network while retaining traditional custody, full insurance for allocated bars, and the option of in-kind redemption.
Lion Global’s Singapore dollar and US dollar-denominated liquidity enhancement funds are also available through the same platform.
According to CoinGecko, the market capitalization of tokenized gold is currently over $4.1 billion. Earlier this week, shortly after Kyrgyzstan introduced USDKG, a gold-backed stablecoin pegged to the US dollar, Bhutan announced TER, Solana’s sovereign-backed token tied to the national reserve.
Rising gold prices, which have corrected to $4,200 per ounce after hitting a record high of $4,400 per ounce in October, and clearer rules such as the US GENIUS Act have boosted the tokenized gold market, dominated by Tether’s XAUT and Paxos’ PAXG.
