Singapore’s DBS Plans Retail Access to Tokenized Gold via Digibank

TLDR

• DBS will launch DBS Physical Gold Tokens for retail investors in 2026.
• Each token will represent 1 gram of physical gold stored in Singapore vaults.
• The product will be available on the digibank platform and possibly DDEx.
• DBS will handle issuance, custody, and management of tokens in-house.
• The move expands DBS’s real-world asset tokenisation strategy across markets.

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DBS will introduce tokenized gold products for retail customers in Singapore in 2026. The bank will expand access through its digital platforms and in-house systems in the Singapore market. It will link physical gold ownership with blockchain-based tokens for customers for retail users.

DBS Tokenized Gold Launch Plan for Retail Users

DBS said it will issue DBS Physical Gold Tokens backed by physical gold reserves. The tokens will be managed internally across systems using bank infrastructure in Singapore. The bank will ensure custody and issuance within a secure environment.

Each token will represent one gram of gold stored in secure vault networks. DBS will secure the physical gold in dedicated Singapore storage facilities within a regulated framework. The structure supports direct linkage between digital tokens and physical assets.

Retail users will access gold trading through the Digibank application for users. DBS targets broader access beyond institutional investors in 2026 with financial inclusion. The rollout focuses on expanding access for retail investors in digital form.

DBS noted rising demand for gold holdings in private markets among clients. Wealth segment demand increased across its private banking business in recent years. The bank reported stronger interest in physical gold exposure in wealth portfolios.

The institution has already tokenized structured notes on the Ethereum blockchain network. It also listed sgBENJI and RLUSD as tokenized assets listed on digital platforms. These developments support its broader blockchain-based product expansion strategy.

DBS will manage token distribution and lifecycle processes for operations. The system includes a process automation layer for issuance and settlement activities. The infrastructure supports the controlled creation and distribution of digital gold tokens.

James Tan said retail investors lacked direct physical gold access before tokenisation. He added that tokenisation expands safe and meaningful access to gold access expansion plan. DBS continues to broaden access through digital asset programs.

DBS Digital Platform Expansion and RWA Strategy

DBS Digital Exchange may support trading of tokenized gold for trading. The bank evaluates broader integration across its digital asset ecosystem expansion. It aims to connect multiple digital investment services under one platform.

The tokenized gold product links each token to physical reserves for security. DBS maintains custody of all underlying gold holdings in Singapore vault operations. The system ensures direct backing between tokens and stored gold.

The initiative expands DBS’s offerings in real-world asset classes’ tokenisation. It builds on prior blockchain pilot programs and structured product experiments. The bank continues structured development across digital financial services.

Retail clients will access gold exposure without custody issues through digital channels. Tokens represent fractional ownership of gold with a gold-backing structure. The system removes physical handling requirements for retail investors.

DBS continues to expand its tokenisation strategy across multiple asset classes across markets. The bank focuses on regulated digital asset infrastructure development with a compliance focus. It aligns digital asset services with internal regulatory frameworks.

The product launch aligns with demand for tokenised commodities for investors. DBS positions gold tokens within its broader digital investment products suite. The offering integrates into existing wealth and digital platforms.