DBS to Launch Singapore’s First Tokenised Physical Gold Offering for Retail Investors
DBS Bank will launch tokenised physical gold for retail customers in Singapore in the second half of 2026, becoming the first bank in the country to offer customers the ability to buy, hold and trade tokenised physical gold through a single digital platform.
Available via the DBS digibank app, the new DBS Physical Gold Tokens will be backed one-for-one by physical gold stored in a dedicated DBS vault in Singapore, it says in a statement. Each token represents one gram of gold, allowing customers to gain exposure to the precious metal through fractional ownership.
The bank said the offering will enable 24/7 trading, near-instant settlement and the option to redeem tokens for physical gold. DBS is also exploring a future listing of the tokens on DBS Digital Exchange (DDEx) for accredited and institutional investors.
The launch comes amid growing interest in both gold and real-world asset tokenisation. DBS will manage the entire process in-house, including tokenisation, custody, vaulting and distribution.
«Through our end-to-end digital asset capabilities, we are able to streamline physical gold access and management for our clients,» said Li Zhen, Head of Foreign Exchange, Precious Metals and Digital Assets at DBS.
James Tan, Group Head of Investment Product and Advisory, said tokenisation would broaden access to an asset class that has traditionally been available mainly to wealth and institutional clients.
The tokenised gold offering expands DBS’ existing range of gold investment products and forms part of the bank’s broader push into digital assets and blockchain-based financial services.
