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Ethereum Sees Institutional Boost as OCBC Bank Launches Tokenized Gold Fund in Singapore

OCBC Bank, one of Singapore's largest financial institutions, has launched GOLDX, a tokenized physical gold fund on the Ethereum network.

This innovative move is set to reshape the flow of institutional capital into blockchain infrastructure across Asia.

GOLDX represents the first of its kind in Southeast Asia, allowing crypto-native investors on-chain access to gold, with approximately $525 million in assets under management.

The bank, in collaboration with Lion Global Investors and DigiFT, is targeting institutional investors who can subscribe using either stablecoins or fiat.

Kenneth Lai, OCBC’s head of global markets, emphasized the growing role of digital assets in financial services.

Currently, the tokenized real-world asset market has exceeded $29 billion, reflecting a steady increase in institutional interest.

Although Ethereum has seen a slight decline of 2.11% recently, developments like GOLDX could drive renewed demand.

Forecasts suggest a potential upside for ETH, with a maximum target of around $3,050 by 2026 under normal market conditions.

However, past patterns indicate that announcements of this nature do not always lead to immediate price increases for ETH.

As the cryptocurrency landscape evolves, investors and traders should closely monitor these developments to assess their investment strategies.