Singapore’s OCBC has rolled out GOLDX, a tokenized on-chain fund that provides exposure to the LionGlobal Singapore Physical Gold Fund. The token, issued on Ethereum and Solana, targets institutional investors, hedge funds and asset managers, and can be bought with stablecoins or fiat. After subscription, the fund’s shares are delivered directly to investors’ blockchain wallets. OCBC describes the move as a milestone in its blockchain-focused strategy and a step toward bridging traditional finance with decentralized finance. Industry data tracked by rwa.xyz shows tokenized real-world assets on public blockchains reaching a value of more than $29 billion, having risen more than 10% in the past 30 days. The broader trend underscores growing interest in on-chain access to traditional assets such as gold, real estate, and commodities. Key takeaways The GOLDX token provides on-chain exposure to the LionGlobal Singapore Physical Gold Fund and is issued on Ethereum and Solana, signaling a m...
In a policy briefing published this week, the crypto policy group Coin Center argues that software code used to design, publish, and maintain crypto systems constitutes protected speech under the First Amendment, and should not be readily conscripted into regulatory oversight as if it were a traditional financial intermediary. The authors—Executive Director Peter Van Valkenburgh and Director of Research Lizandro Pieper—frame code publication as an act of expression, akin to publishing a book or a culinary recipe, rather than as the actions of a financial services provider. According to Coin Center, extending pre-registration or licensing requirements to speech activity would undermine constitutional protections and distort the historical rationale for financial oversight. They emphasize that developers are speakers and inventors, not fiduciaries or middlemen, and that treating code as regulated conduct risks a prior restraint that is almost always unconstitutional. The briefing seeks t...