DBS bank has announced plans to offer tokenized physical gold to customers, with DBS Physical Gold Tokens available to retail clients via the DBS digibank app in the second half of 2026. The bank says it is the first such offering in Singapore to let customers digitally access, hold and trade tokenized physical gold on a single platform. DBS is also exploring listing the token on its DBS Digital Exchange (DDEx) for accredited and institutional investors.
Each token is backed by one gram of physical gold, worth roughly SGD 200, held by DBS in a dedicated vault in Singapore. Customers can trade around the clock, settle near instantly via atomic settlement, buy fractional amounts, and redeem tokens for physical gold. DBS will vault the gold and tokenize, issue, distribute and manage the gold tokens entirely in house.
The launch lands amid structural demand for gold, which hit an all time high of USD 5,600 per ounce earlier this year. DBS has offered physical gold to wealth clients since 2013 but is using tokenization to broaden retail access.
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