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- DBS will launch tokenized gold for retail users through its digital banking app in 2026.
- Each DBS gold token will represent one gram of physical gold held in a Singapore vault.
- DBS may list the product on DDEx, linking retail access with wider digital markets.
DBS will launch tokenized gold for retail customers in the second half of 2026, bringing physical gold access into its digital banking app. The product will let users buy, hold, trade, and redeem gold-backed tokens through the bank directly online.
The DBS Physical Gold Tokens will be fully backed by physical gold held by the bank. Each token will represent one gram of gold stored in a dedicated DBS vault in Singapore. DBS said the structure gives customers direct exposure to gold through a regulated banking channel.
Tokenized Gold Access Opens for Retail DBS Customers
Customers will be able to buy smaller gold amounts through the bank’s digital platform. They can also trade the tokens, hold them with other banking products, and redeem them for physical gold. The tokenized gold product is aimed at making gold ownership more accessible to retail clients.
DBS will manage the full process inside the bank. That includes tokenization, issuance, custody, storage, and reserve oversight. The model differs from some tokenized gold products that rely on external custodians or third-party issuers.
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James Tan, Group Head of Investment Product and Advisory at DBS, said the launch is designed to widen access to physical gold ownership.
He said retail customers can gain gold exposure through their regular banking interface. The bank expects the product to reduce barriers linked to traditional gold purchases.
DBS Plans Broader Access Through DDEx Listing
Li Zhen, Head of Foreign Exchange, Precious Metals, and Digital Assets at DBS Global Financial Markets, said compliance and governance controls are central to the rollout.
She said DBS can reduce operational complexity for customers. The tokenized gold model will help users manage physical gold through a simpler process.
DBS is also studying a possible listing on DDEx, its digital exchange for accredited investors and institutional partners. A listing would expand access beyond the retail banking platform. It would also connect tokenized gold with DBS’s wider digital asset infrastructure.
The plan follows several tokenization projects by DBS in recent years. The bank has issued tokenized structured notes on Ethereum and supported tokenized money market products. It has also expanded DDEx and worked with JPMorgan Chase’s Kinexys on tokenized deposit interoperability.
The launch shows how DBS is moving tokenization from institutional markets toward retail banking. Tokenized gold could become one of the bank’s most visible consumer digital asset products. DBS has not announced a final launch date beyond the second half of 2026.
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