Singapore’s DBS will offer retail clients gold tokens each pegged to one gram of vault-stored bullion starting in late 2026.
DBS Bank will introduce tokenized gold for retail customers in the second half of 2026, with each token backed by one gram of physical gold stored in a dedicated Singapore vault. The product, named DBS Physical Gold Tokens, will be available on the bank’s digibank platform and may later expand to its DBS Digital Exchange for accredited investors and institutions.
The move follows a broader trend of tokenizing real-world assets, with DBS citing a more than twofold increase in physical gold holdings among its wealthy clients over the past three years. The bank has previously tokenized structured notes on Ethereum and listed other digital assets, including Franklin Templeton’s tokenized money market fund and Ripple’s RLUSD stablecoin.
DBS will handle tokenization, issuance, and distribution in-house using bank-grade infrastructure, ensuring each token is fully backed by physical reserves. The initiative aims to provide retail investors with direct access to gold, previously limited to funds or physical purchases.