Each token is backed by one gram of physical gold held in a Singapore vault, with retail access launching in the second half of 2026
DBS is bringing tokenised physical gold to retail customers in Singapore, making it the first bank in the country to offer digitally accessible, fractionally owned physical gold through a consumer banking platform.
The DBS Physical Gold Token will be available via the DBS digibank app in the second half of 2026. Each token represents one gram of physical gold, currently valued at around SGD 200, held in a dedicated DBS vault in Singapore. The bank will handle tokenisation, issuance, distribution and custody entirely in-house. For accredited investors and institutional clients, DBS is also exploring a listing on its Digital Exchange, DDEx.
The product offers 24/7 trading, near-instant atomic settlement, fractional ownership starting at one gram, and the option to redeem tokens for physical gold.
The launch comes as gold prices reached an all-time high of $5,600 per ounce earlier this year. Demand across Asia has remained strong as investors use the metal to hedge against inflation, geopolitical uncertainty and market volatility.
“Access to physical gold has been largely available to only institutional and accredited investors,” said James Tan, group head of investment product and advisory at DBS. “We are now leveraging tokenisation to broaden access, enabling more retail customers to invest in gold in a safe and meaningful way.”
DBS has offered physical gold to wealth clients since 2013. The new product extends that capability down-market, part of a broader push by the bank to apply digital asset technology across traditional investment categories. In 2025, DBS tokenised structured notes on the Ethereum blockchain and listed Franklin Templeton’s tokenised money market fund token alongside the Ripple USD stablecoin on its platform.