Key facts
- DBS Bank will offer tokenized physical gold to retail customers.
- The tokens will be available through the digibank app in the second half of 2026.
- Each token represents one gram of physical gold stored in a DBS vault in Singapore.
- Customers can digitally access, hold, and trade tokenized gold.
- DBS is considering listing the token on its Digital Exchange for accredited investors.
DBS Bank, Singapore's largest bank, announced it will offer tokenized physical gold to retail customers in the second half of 2026. This initiative aims to meet growing demand for gold as a store of value and support Singapore's ambition to become a gold trading hub. The DBS Physical Gold Tokens will be accessible via the bank's digibank app, allowing users to digitally purchase, hold, and trade gold. Each token is backed by one gram of physical gold secured in a dedicated DBS vault in Singapore. This offering is positioned as the first in Singapore to provide retail customers with a single platform for digital access to tokenized physical gold. The bank is also exploring listing these tokens on its DBS Digital Exchange for accredited investors and institutional partners. Gold prices have seen significant fluctuations, reaching a record high earlier in 2026 before experiencing a notable decline.