Marketnode and Lion Global Bring Singapore-Vaulted Gold Fund Onchain on Solana
In a significant development for the cryptocurrency market, Marketnode and Lion Global Investors have partnered to bring the LionGlobal Singapore Physical Gold Fund onchain on Solana. This innovative move allows investors to buy and redeem gold-backed units onchain, providing a new level of convenience and accessibility.
Details
The fund offers exposure to physical gold bars vaulted and insured in Singapore, with traditional custody and an option for in-kind redemption. This unique feature allows investors to hold physical gold while still benefiting from the convenience of tokenized assets.
The tokenized gold market is growing rapidly, with a market capitalization of over $4.1 billion. This growth is driven by the increasing demand for gold-backed assets and the need for more efficient and secure storage solutions.
Marketnode and Lion Global Investors’ partnership is a significant step in this direction, providing a secure and reliable platform for investors to buy and redeem gold-backed units onchain. The fund’s traditional custody and insurance features provide an added layer of security, making it an attractive option for investors looking to diversify their portfolios.
Market Trends
The tokenized gold market is experiencing significant growth, driven by the increasing demand for gold-backed assets and the need for more efficient and secure storage solutions. The market capitalization of tokenized gold has surpassed $4.1 billion, with several recent launches of similar products, including Bhutan’s sovereign-backed gold token and Kyrgyzstan’s gold-backed stablecoin.
Rising gold prices and clearer regulations, such as the U.S. GENIUS Act, have provided a tailwind to the tokenized gold market. The market is dominated by Tether’s XAUT and Paxos’ PAXG, but new players are entering the scene, offering innovative solutions and products.
Conclusion</hassistant
For more news, visit our website.
Source: Click Here
