DBS Group, Singapore’s largest bank, plans to start offering tokenized gold to retail customers in the second half of 2026.
The product is called DBS Physical Gold Token. Will be available through Digibank digital platformas reported on June 10, 2026.
Each token is backed by 1 gram of physical gold stored in a private vault in Singapore. Customers of the entity can buy, sell, hold, and exchange tokens in addition to requesting physical delivery of metals.
The bank said it would manage product issuance, distribution and storage internally. Note that DBS already uses various infrastructure in previous projects, including the Ethereum Virtual Machine (EVM) and its own network compatible with Ethereum. but, He has not yet revealed which he will use for the new gold token.
The initiative is part of the growth of tokenized real-world assets (RWA), a trend that seeks to represent financial instruments, raw materials, and other physical assets through digital tokens, as reported by CriptoNoticias.
However, exposure to gold via digital assets Not news for Singapore investors. Products such as PAX Gold (PAXG) issued by Paxos and Tether Gold (XAUT) issued by Tether have long enabled exposure to metal prices without geographic restrictions through tokens backed by physical reserves.
DBS is also not the first regional bank to enter this market. In April 2026, OCBC, Singapore’s second largest financial institution, establishes GOLDXa physical gold-backed product that runs on the Ethereum and Solana networks.
The difference that DBS seeks to highlight lies in its target audience. The bank had already offered investments in physical gold since 2013. However, that access was primarily concentrated among high-net-worth clients, accredited investors, and institutions.. However, the new product will be available to small investors through the Digibank application.
“While retail investors can now buy gold funds, access to physical gold has primarily been limited to institutional and accredited investors,” said James Tan, head of investment and advisory products at DBS.
He further highlighted, “DBS has been offering physical gold investment to high-net-worth clients since 2013 and is now leveraging tokenization to expand access and enable more retail clients to invest in gold safely and meaningfully.”
The launch joins other banks’ efforts related to digital assets. In 2025, DBS tokenizes structured notes on Ethereum and incorporates sgBENJI, Franklin Templeton’s tokenized currency fund, into its ecosystemin addition to RLUSD, is a dollar-backed stablecoin issued by Ripple Labs.
Now, the key will be details that DBS has not yet reported: what kind of network it will use, whether the tokens can be transferred outside the bank, and on what terms they can be exchanged for physical gold. Defined by this information. Whether the product is comparable to other existing gold tokens or whether it functions as a closed solution within the DBS ecosystem.
