Each token will represent one gram of physical gold stored in a secure vault in Singapore. The tokens give investors direct exposure to real gold while using a digital format for easier access and trading.
DBS said the product is designed to make gold investing more accessible to retail users. Traditionally, physical gold investment has been limited to institutions and high-net-worth individuals.
Banks across Asia are exploring tokenized versions of traditional assets like gold and ETFs. DBS joins other financial institutions using blockchain to improve access, efficiency, and transparency in real-world asset investing.