Crypto-friendly DBS Bank has announced that it will begin offering tokenized gold trading for retail customers in the second half of 2026.
DBS said it plans to list the product, called DBS Physical Gold Token, on its Digibank platform and is also considering making it available on the DBS Digital Exchange (DDEx), which is tailored for accredited investors and institutions.
The bank will tokenize, issue, distribute and manage physical gold tokens entirely in-house, backed by reliable bank-grade infrastructure. Each token is backed by one gram of physical gold, which DBS stores in a dedicated vault in Singapore, the bank said in a statement.
This move builds on the growing trend towards blockchain-based versions of real-world assets (RWA). The size of physical gold holdings in the portfolios of DBS’ high net worth clients has more than doubled in the past three years.
In 2025, DBS tokenized structured bonds on Ethereum and listed Franklin Templeton’s tokenized money market fund token, sgBENJI, alongside Ripple’s RLUSD dollar-pegged stablecoin.
“While our retail investors were able to purchase gold funds, access to physical gold was primarily only available to institutional and accredited investors,” said James Tan, head of investment products and advisory at DBS. “DBS has been offering physical gold investing to high-net-worth clients since 2013 and is now leveraging tokenization to expand access and enable more retail clients to invest in gold in a secure and meaningful way.”
