DBS has announced the launch of tokenised physical gold for its customers in Singapore, marking a first in the market. The new offering will be available to retail customers via DBS digibank in the latter half of 2026. This initiative allows customers to digitally access, hold, and trade tokenised physical gold through a single platform. DBS plans to list the token on its Digital Exchange, catering to accredited investors and institutional partners.
The introduction of tokenised gold reflects a broader trend of asset tokenisation, which is transforming how investors engage with traditional asset classes. By leveraging blockchain technology, DBS enables fractional ownership of physical gold, making it more accessible and cost-effective for a wider range of investors. Each token represents one gram of physical gold, securely stored in a DBS vault in Singapore.
The service offers several benefits, including 24/7 trading convenience, near-instant transactions through atomic settlement, and the flexibility to redeem tokens for physical gold. This move is part of DBS’s strategy to expand its gold investment solutions, which already include funds and physical bullion.
James Tan, Group Head of Investment Product and Advisory at DBS, highlighted the enduring value of gold as a safe haven and portfolio diversifier. “Whilst our retail investors have been able to buy gold funds, access to physical gold has been largely available to only institutional and accredited investors,” he said.
This development comes as gold prices hit an all-time high of US$5,600 per ounce earlier this year, with continued demand driven by its role as a hedge against inflation and market volatility. The tokenisation of gold is the latest step in DBS’s efforts to harness digital asset technology, following its expansion of blockchain capabilities in 2025.
