DBS Bank has announced plans to offer tokenized physical gold to retail investors in Singapore. The product, called DBS Physical Gold Tokens, will be available through its digibank app in the second half of 2026.
Each token will be backed by one gram of physical gold stored in a secure vault in Singapore. The bank said the move is aimed at expanding access to physical gold investment, which has mostly been limited to institutional and high-net-worth investors.
Singapore bank DBS to offer tokenized gold to retail customers https://t.co/epffYVa9Yi #Finance #Tokenization #Singapore #News @italiasingapore pic.twitter.com/hk0Qir4eXT
— Singapore Italian Association (@italysingapore) June 11, 2026
How will the tokenized gold product work?
The token will represent direct ownership of physical gold held by DBS. Investors will be able to buy exposure through digital tokens, with each unit linked to real gold stored in a dedicated vault.
DBS said the product is designed to make gold investing more accessible while maintaining security and transparency. The bank is also exploring plans to list the token on its own exchange for institutional and accredited investors in the future.
The launch comes as demand for gold continues to grow despite recent price declines, with gold falling more than 25% from its peak levels this year.
Why are banks moving toward tokenized gold?
DBS is not the only institution exploring tokenized gold. Financial firms in Asia are increasingly testing blockchain-based versions of traditional assets, including gold ETFs and other commodities.
China AMC recently launched a tokenized gold ETF in Hong Kong, as the city continues to position itself as a regional gold trading hub. Singapore is also strengthening its role in gold markets, and DBS said tokenization can help broaden access while improving efficiency in how gold investments are offered to retail users. The move shows a growing use of blockchain in traditional banking products, especially for real-world assets like gold.
Notably, the bank adjusted its crypto strategy in Hong Kong as the city’s new stablecoin regulatory framework comes into force, with executives emphasizing ecosystem development over direct derivatives trading. Speaking at a financial conference, DBS Hong Kong CEO Sebastian Paredes said the bank would closely monitor market developments under the new rules.
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