DBS Plans Retail Tokenized Gold Offering for 2026
DBS Bank plans to offer tokenized gold trading to retail customers in the second half of 2026. Each DBS Physical Gold Token will be backed by one gram of physical gold held by the bank in a dedicated Singapore vault.
What happened?
DBS Bank plans to offer tokenized gold trading to retail customers in the second half of 2026. Each DBS Physical Gold Token will be backed by one gram of physical gold held by the bank in a dedicated Singapore vault.
Why it matters
The move matters because it brings a traditionally institutional-style physical gold product closer to everyday bank customers through tokenization. DBS said retail investors have been able to buy gold funds, while access to physical gold has largely been limited to institutional and accredited investors.
Singapore’s DBS Bank plans to launch tokenized gold trading for retail customers in the second half of 2026, according to CoinDesk. The product, called DBS Physical Gold Tokens, will be made available through the bank’s digibank platform.
The move matters because it brings a traditionally institutional-style physical gold product closer to everyday bank customers through tokenization. DBS said retail investors have been able to buy gold funds, while access to physical gold has largely been limited to institutional and accredited investors.
Each token will be backed by one gram of physical gold held by DBS in a dedicated vault in Singapore. The bank said it will tokenize, issue, distribute and manage the tokens in-house using its own bank-grade infrastructure.
DBS is also exploring whether to list the tokens on DBS Digital Exchange, known as DDEx, which serves accredited investors and institutions. The plan extends the bank’s activity in tokenized real-world assets, a category that includes blockchain-based representations of traditional financial or physical assets.
The bank has already taken steps in tokenization. In 2025, DBS tokenized structured notes on Ethereum and listed sgBENJI, Franklin Templeton’s tokenized money market fund token, along with Ripple’s RLUSD stablecoin. DBS also said physical gold holdings among its wealthy clients have more than doubled over the past three years.