DBS to Launch Tokenised Physical Gold for Retail Customers in Singapore
DBS Group, Singapore's largest bank, announced it will offer tokenised physical gold to retail customers starting in the second half of 2026 through its digibank app. Each token will be backed by one gram of physical gold stored in a DBS vault in Singapore, allowing retail investors to buy smaller amounts and trade around the clock. The move reflects growing demand for gold as a store of value and Singapore's push to become a regional gold trading hub.
DBS Group announced Thursday that it will launch DBS Physical Gold Tokens, making it the first offering in Singapore to allow retail customers to digitally access, hold, and trade tokenised physical gold through a single platform. Each token represents ownership of one gram of physical gold held in a dedicated DBS vault in Singapore, valued at approximately S$200 (US$155) per gram. The service will be available through DBS's digibank app in the second half of 2026, with plans to eventually list the token on DBS Digital Exchange for accredited investors and institutional partners. The offering enables customers to purchase smaller quantities of gold, trade continuously, and redeem tokens for physical gold. DBS noted that physical gold holdings among its wealth clients have more than doubled over the past three years, reflecting broader demand for gold as a store of value amid inflation concerns and geopolitical tensions, despite recent price volatility.
What different sources said
- VnExpress InternationalCenter
Singapore's second largest bank offers physical gold bar trading
- Channel NewsAsiaCenter
DBS to offer tokenised physical gold to retail customers
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