DBS Bank to Launch Tokenized Gold for Retail Customers in 2026
DBS Bank announced plans to offer tokenized gold trading to retail customers in the second half of 2026. The product, named DBS Physical Gold Tokens, will be listed on the bank's digibank platform and potentially on the DBS Digital Exchange (DDEx), which caters to accredited investors and institutions. Each token represents 1 gram of physical gold stored in a dedicated vault in Singapore. The bank will handle tokenization, issuance, distribution, and management in-house. This initiative follows a trend of blockchain-based real world assets (RWAs) and builds on DBS's previous tokenization efforts, including structured notes on Ethereum and listing of Franklin Templeton's tokenized money market fund sgBENJI and Ripple's RLUSD stablecoin. James Tan, head of DBS investment product and advisory unit, noted that physical gold access was previously limited to institutional and wealthy clients, but tokenization now allows broader retail participation.
Key facts
- DBS to launch tokenized gold for retail customers in H2 2026
- Each token backed by 1 gram of physical gold in Singapore vault
- Tokenization, issuance, and management done fully in-house
- Potential listing on DBS Digital Exchange (DDEx)
- Part of growing trend of real world assets (RWAs) on blockchain