DBS Bank, known for its crypto-friendly stance, is set to introduce tokenized gold trading for retail investors in the latter half of 2026.
According to a statement, the bank plans to offer the product named DBS Physical Gold Tokens via its digibank platform and is also looking into making it accessible on the DBS Digital Exchange (DDEx), aimed at accredited investors and institutions.
The bank will handle the tokenization, issuance, distribution, and management of the physical gold tokens internally, supported by reliable bank-grade infrastructure. Each token represents one gram of physical gold stored in a dedicated vault in Singapore.
This initiative is part of a broader trend towards utilizing blockchain technology for real-world assets (RWAs). Notably, the volume of physical gold held by DBS's affluent clients has surged more than twofold in the past three years.
In 2025, DBS had already tokenized structured notes on Ethereum and introduced sgBENJI, a token for Franklin Templeton’s tokenized money market fund, along with Ripple's RLUSD stablecoin pegged to the dollar.
James Tan, head of DBS' investment product and advisory unit, remarked, “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. 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.”