Marketnode and Lion Global Bring Singapore-Vaulted Gold Fund Onchain on Solana

Source: CryptoNewsNet Original Title: Marketnode, Lion Global Bring Singapore-Vaulted Gold Fund Onchain on Solana Original Link: 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.

LionGlobal’s Enhanced Liquidity funds in SGD and USD will also be available through the same platform.

Tokenized gold’s market capitalization has now topped the $4.1 billion mark according to CoinGecko. Recently, 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 regulatory frameworks have provided a tailwind to the tokenized gold market, which is dominated by major players including Tether’s XAUT and Paxos’ PAXG.