Singapore Launches Gold-Clearing System With Major Banks by End of 2026

According to Singapore's Monetary Authority (MAS), the city-state will launch an over-the-counter gold-clearing system by end of 2026, with operational trading expected to begin in 2027. Major global and regional banks including JPMorgan, Deutsche Bank, DBS, OCBC, UOB, and a joint venture of ICBC and Standard Bank have already committed to participate. The platform aims to serve as a bridge between Asia's growing demand for precious metals and global liquidity. Additionally, MAS will introduce vaulting services for central banks beginning October 2026, allowing foreign central banks to securely store bullion reserves in Singapore.
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