Marketnode and Singapore-based asset manager Lion Global Investors are bringing the latter's Singapore Physical Gold Fund onchain on Solana, offering exposure to gold bars fully vaulted and insured in Singapore.
The fund lets investors subscribe to and redeem units onchain through Marketnode’s distribution network while keeping traditional custody, full insurance on allocated bars and an option for in-kind redemption, according to an emailed announcement on Thursday.
LionGlobal's Enhanced Liquidity funds in SGD and USD will also be available through the same platform.
Tokenized gold's market capitlaization has now topped the $4.1 billion mark according to CoinGecko. Earlier this week, Bhutan unveiled TER, a sovereign-backed gold token on Solana tied to state reserves, following soon after Kyrgyzstan introduced USDKG, a gold-backed stablecoin pegged to the U.S. dollar.
Rising gold prices, which hit a record $4,400 an ounce in October before correcting to $4,200, and clearer rules such as the U.S. GENIUS Act have provided a tailwind to the tokenized gold market, which is dominated Tether’s XAUT and Paxos’ PAXG.
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Nubank Vice-Chairman Roberto Campos Neto said the bank will test stablecoin credit card payments, as adoption of stablecoins accelerates across Latin America. Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments.The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system. According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with banking services.Read more
