#RCBC

PDAX, RCBC Sign MOU to Expand Tokenized Gold Access Through Digital Banking

Rizal Commercial Banking Corporation (RCBC) and the Philippine Digital Asset Exchange (PDAX) have signed a Memorandum of Understanding to explore the integration of tokenized gold into RCBC’s mobile banking infrastructure. This partnership aims to remove traditional barriers to gold investment, such as high minimum purchase requirements, storage costs, and complex authenticity verification processes. By leveraging blockchain technology, the initiative seeks to transform physical gold bars stored in audited vaults into digital tokens accessible via standard banking applications. This move represents a significant step for the Philippine financial sector, as it bridges the gap between regulated traditional banking and digital asset infrastructure. For RCBC, the fifth-largest private bank in the Philippines, this collaboration aligns with its broader strategy of embedding innovative financial services into its existing digital ecosystem. PDAX, which previously facilitated access to tokenized government bonds, continues to position itself as a key provider of regulated digital asset solutions for mainstream retail investors. While the project is currently in the exploratory MOU stage, it underscores the growing institutional interest in using RWA tokenization to simplify commodity investing for everyday consumers.

bitpinas.com·2h ago