DBS Bank is set to revolutionize the financial market in Singapore by launching tokenized physical gold for retail customers in the latter half of 2026. With this initiative, DBS Bank takes the lead as the first bank in the nation to empower its customers with the capability to purchase, possess, and transact in tokenized physical gold via a singular digital platform.
The advanced DBS Physical Gold Tokens will be available through the DBS digibank app. With each token backed by an equivalent amount of physical gold that will be securely stored in a dedicated DBS vault located in Singapore. Each token will stand for one gram of gold, providing customers the opportunity to acquire fractional ownership of this valuable metal.
DBS Bank assures that this offering will facilitate 24/7 trading, almost immediate settlement, and the choice to exchange tokens for physical gold. Moreover, the bank is looking into the possibility of having the tokens listed on the DBS Digital Exchange (DDEx) for accredited and institutional investors.
This launch coincides with the escalating interest in gold and the tokenization of real-world assets. DBS Bank will oversee the entire procedure internally, including tokenization, custodial services, vaulting, and distribution.
Li Zhen, Head of Foreign Exchange, Precious Metals, and Digital Assets at DBS, commented on the initiative, stating that the bank’s comprehensive digital asset capabilities will simplify access to and management of physical gold for clients.
James Tan, Group Head of Investment Product and Advisory, also shared his views on the subject. He mentioned that tokenization would expand access to an asset class that has typically been accessible mainly to wealthy and institutional clients.
The introduction of tokenized gold expands upon DBS Bank’s existing array of gold investment products. Moreover, it is part of the bank’s broader endeavor to delve into digital assets and blockchain-based financial services.
What is the DBS Physical Gold Tokens initiative?
This initiative by DBS Bank allows customers to purchase, hold, and trade tokenized physical gold via a single digital platform.
What features does the tokenized gold offering include?
The offering will enable 24/7 trading, near-instant settlement and the option to redeem tokens for physical gold. The bank is also exploring a future listing of the tokens on the DBS Digital Exchange for accredited and institutional investors.
How does this initiative fit into DBS Bank’s broader strategy?
The tokenized gold offering expands DBS Bank’s existing range of gold investment products and is part of the bank’s broader push into digital assets and blockchain-based financial services.
