Singapore bank DBS to offer tokenized gold to retail customers
Each token is backed by one gram of physical gold held by DBS in a dedicated vault in Singapore.
What to know:
- The gold token will be available in the second half of 2026.
- DBS said it is also exploring listing the tokens on its DBS Digital Exchange (DDEx), a platform for accredited investors and institutions.
The bank will tokenize, issue, distribute and manage the physical gold tokens entirely in-house, backed by trusted bank-grade infrastructure. Each token is backed by 1 gram of physical gold held by DBS in a dedicated vault in Singapore, the bank said in a statement.
The move builds on a growing trend towards blockchain-based versions of real world assets (RWAs). The size of physical gold holdings in the portfolios of wealthy clients of DBS has more than doubled over the past three years.
In 2025, DBS tokenized structured notes on Ethereum and listed sgBENJI, the token of Franklin Templeton’s tokenized money market fund, alongside the Ripple’s RLUSD dollar-pegged stablecoin.
“While our retail investors have been able to buy gold funds, access to physical gold has been largely available to only institutional and accredited investors,” said James Tan, the head of DBS’ investment product and advisory unit. “DBS has offered physical gold investments to wealth clients since 2013, and we are now leveraging tokenisation to broaden access, enabling more retail customers to invest in gold in a safe and meaningful way.”
