- DBS will launch Physical Gold Tokens for retail customers in the second half of 2026.
- DBS says the tokens are 100% backed by gold that the bank keeps and handles itself.
- The bank will manage the entire process, from tokenization to storing the gold.
Singapore’s largest bank, DBS, announced that it will launch DBS Physical Gold Tokens for retail customers in the second half of 2026. The new product will allow users to buy, hold, trade, and redeem tokenized physical gold directly through the bank’s digital banking platform.
Unlike a lot of crypto gold products, DBS says these tokens are 100% backed by gold that the bank keeps and handles itself. Every token equals one gram of real gold kept in a special DBS vault in Singapore, marking one of the first big retail tokenized gold products from a global bank.
Customers will be able to purchase small amounts of gold online, trade anytime through DBS, hold tokenized gold alongside traditional banking products, and redeem their tokens for physical gold.
The bank will reportedly handle the entire process internally, from tokenizing and issuing the gold to storing and overseeing the reserves. That sets it apart from many tokenized commodity projects that depend on outside custodians or issuers.
James Tan (Group Head, Investment Product and Advisory at DBS) says this is designed to expand access to physical gold ownership to everyday customers, where retail clients can get direct gold exposure right from their regular bank interface.
Additionally, DBS’s Li Zhen (Head of Foreign Exchange, Precious Metals and Digital Assets, Global Financial Markets) said that with secure, compliant deployment and strong risk and governance controls, DBS can cut through operational hassle and simplify how clients get and manage physical gold.
The bank is also looking into listing the token on its DDEx platform, which is geared toward accredited investors and institutional partners.
DBS’s Continued Interest in Tokenized Finance
This isn’t DBS’s first step into tokenized finance; over the last two years, it has become one of Asia’s most active traditional banks in the digital asset space.
Notable developments include launching tokenized structured notes on Ethereum in 2025, expanding its DDEx platform for institutions, backing tokenized money‑market products such as Franklin Templeton’s sgBENJI fund, and working with JPMorgan Chase’s Kinexys to make tokenized deposits work together across systems.
The gold token launch might mean that DBS sees tokenization moving beyond institutions and into the retail market.
Related: Crypto.com Adds DBS Bank as Fiat Partner in Singapore
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
