On June 12, DBS Bank (DBS Bank) in Singapore announced that starting in the second half of 2026, it will officially roll out a trading service for retail customers: “DBS Physical Gold Tokens.” Each token is backed by 1 gram of physical gold, with all holdings stored in DBS’s dedicated vault in Singapore.
Tokenized Gold Product Details
According to DBS Bank’s official announcement, the specifications for DBS Physical Gold Tokens are as follows:
Token backing ratio: Each token corresponds to 1 gram of physical gold
Gold storage location: DBS’s dedicated vault in Singapore
Tokenization process: Completed entirely independently by the bank in-house, covering token issuance, management, allocation, and operational maintenance
Infrastructure: Managed based on bank-grade financial infrastructure
James Tan, Head of Investment Products and Advisory at DBS Bank, said: “In the past, although our retail customers could buy gold savings accounts and gold funds, investment channels for physical gold were mostly limited to institutions and accredited investors. Since 2013, DBS has provided physical gold investment services to wealth clients. Now, through tokenization technology, we are breaking down this financial barrier, significantly lowering the entry threshold, and enabling more retail investors to invest in gold in a safe and meaningful way.”
Issuance Platform Arrangements: Digital Banking Platform and DDEx Evaluation
According to the official announcement, the rollout plan for DBS Physical Gold Tokens is as follows:
Initial launch platform: DBS digital banking platform (for retail customers)
Platform under evaluation: DDEx (DBS Digital Exchange), for accredited investors and institutional clients; it is currently being assessed whether to introduce it in parallel, and no timetable has been confirmed yet
DBS Bank’s Confirmed RWA Deployment Record for 2025
According to reports, DBS Bank has the following confirmed track record in blockchain and digital assets:
· 2025: Successfully issued tokenized structured products on Ethereum
· Introduced the tokenized money market fund token “sgBENJI” under Franklin Templeton
· Introduced the U.S.-dollar-pegged stablecoin “RLUSD” issued by Ripple
FAQ
When can retail customers buy DBS Physical Gold Tokens on the DBS digital banking platform?
According to DBS Bank’s official announcement, the tokenized gold service is expected to launch in the second half of 2026, with the initial rollout on the DBS digital banking platform; the specific launch date has not been announced.
How is the 1 gram of physical gold behind each token ensured to be securely stored?
According to DBS Bank’s announcement, all the physical gold corresponding to each token is stored entirely in DBS’s dedicated vault in Singapore. The entire tokenization process is completed independently by the bank and is managed using bank-grade financial infrastructure.
Has the DDEx platform confirmed that it will list DBS Physical Gold Tokens in parallel?
Not yet confirmed. According to the announcement, DBS Bank said it is “currently evaluating” whether to introduce the product to DDEx for accredited investors and institutional clients to trade, and has not announced a confirmed timeline or final decision.
