DBS to Offer Tokenized Physical Gold to Retail Customers in 2H 2026, Product Long Available Only to Wealth Clients
Singapore's DBS Bank will list DBS Physical Gold Tokens on its digibank platform. Each token represents one gram of physical gold stored in a dedicated vault in Singapore.
CoinDeskDBS Bank will start offering tokenized gold trading to its retail customers in the second half of 2026. The bank will list the product, called DBS Physical Gold Tokens, on its digibank platform and is exploring listing the tokens on its DBS Digital Exchange. Each DBS Physical Gold Token is backed by one gram of physical gold held by DBS in a dedicated vault in Singapore.
The bank will tokenize, issue, distribute and manage the physical gold tokens entirely in-house. The size of physical gold holdings in the portfolios of wealthy clients of DBS has more than doubled over the past three years. DBS has offered physical gold investments to wealth clients since 2013.
“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,” said James Tan, the head of DBS' investment product and advisory unit. ” In 2025, DBS tokenized structured notes on Ethereum.
That same year, DBS listed sgBENJI, the token of Franklin Templeton’s tokenized money market fund, and listed Ripple's RLUSD dollar-pegged stablecoin.
CoinDesk reported that the tokens will be backed by trusted bank-grade infrastructure.
