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# DBS unveils tokenised physical gold offering for retail customers in Singapore
- URL: https://www.theglobalbanker.com/dbs-unveiled-tokenised-physical-gold-offering-for-retail-customers-in-singapore/
- Published: 2026-06-11T13:11:42.000Z
- Updated: 2026-10-02T00:06:58.000Z
- Description: DBS unveiled a tokenised physical gold product for customers in Singapore, saying retail access was expected through its digibank platform in the second half of 2026.
- Author: TGB Editorial Team
- Tags: Fintech, Asia-Pacific

DBS unveiled tokenised physical gold for customers in Singapore, and said retail access was expected through DBS digibank in the second half of 2026.

#### WHAT THE PRODUCT DID

The bank described the DBS Physical Gold Token as a means for customers to access, hold and trade gold-backed tokens through a single platform. The announcement positioned the product as a way to widen retail access to physical gold by combining digital token functionality with backing by physical metal.

DBS said its fully in-sourced, end-to-end capability would minimise operational friction and streamline physical gold access and management for clients. The token structure, as described, linked each token to an underlying physical asset, with each token backed by one gram of physical gold held by DBS in a dedicated vault in Singapore.

**DBS characterised the move as expanding distribution of physical gold to retail clients** via its existing digital banking infrastructure. James Tan, DBS Group Head of Investment Product and Advisory, said access to physical gold had been largely available only to institutional and accredited investors, and that DBS, which has offered physical gold investments to wealth clients since 2013, was leveraging tokenisation to enable more retail customers to invest in gold.

#### MARKET AND REGULATORY CONTEXT

DBS said the launch reflected a growing trend as real-world asset tokenisation reshaped how investors access traditional asset classes. DBS cited data showing the total value of tokenised real-world assets on-chain grew from about $21 billion at the start of 2026 to around $27.5 billion by the end of the first quarter, a 30% increase.

DBS said the rollout came amid structural demand for gold, with prices reaching an all-time high of US$5,600 per ounce earlier in 2026\. The bank said the offering came amid a nationwide push to cement Singapore's status as a global gold trading hub; DBS is a member of the Gold Market Development Working Group set up by the Monetary Authority of Singapore and the Singapore Bullion Market Association.

DBS said it was also exploring plans to list the token on DBS Digital Exchange (DDEx) for accredited investors and institutional partners, with more details to be announced in due course.

DBS said it would tokenise, issue, distribute and manage the tokens entirely in-house, covering physical vaulting, the tokenisation engine, digital custody and distribution.

The product is the latest of DBS's digital asset initiatives: in 2025 the bank tokenised structured notes on the Ethereum public blockchain and listed sgBENJI, the token of Franklin Templeton's tokenised money market fund. 

DBS said each token would be backed by one gram of gold (about S$200), could be traded 24/7 with atomic settlement and redeemed for physical gold, and that the gold would be held in DBS's own vault. The bank said the product would be available to retail customers through DBS digibank in the second half of 2026.

**Sources:** [DBS](https://fintechnews.sg/132857/wealthtech/dbs-physical-gold-tokens/)