DBS Bank in Singapore will offer tokenized gold trading to retail customers

According to CoinDesk, Singapore's DBS Bank plans to offer tokenized gold trading to retail customers in the second half of 2026. DBS Bank will launch a product called "DBS Physical Gold Token" on its digital banking platform and is considering listing it on the DBS Digital Exchange (DDEx), which is tailored for qualified investors and institutions.

Each token is backed by 1 gram of physical gold held in a dedicated vault by DBS Bank in Singapore. DBS Bank stated that the token will be self-issued and managed. James Tan, head of investment products at DBS Bank, mentioned that previously retail customers could only purchase gold funds, while physical gold was primarily available to institutions and qualified investors; this tokenization will expand access.