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Reading: Singapore bank DBS offers tokenized gold to retail customers
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© 2025 All Rights reserved | Powered by All News Bitcoin
Exchange

Singapore bank DBS offers tokenized gold to retail customers

June 15, 2026 2 Min Read
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Crypto-friendly DBS Financial institution has introduced that it’s going to start providing tokenized gold buying and selling for retail clients within the second half of 2026.

DBS stated it plans to checklist the product, known as DBS Bodily Gold Token, on its Digibank platform and can also be contemplating making it obtainable on the DBS Digital Alternate (DDEx), which is tailor-made for accredited traders and establishments.

The financial institution will tokenize, subject, distribute and handle bodily gold tokens totally in-house, backed by dependable bank-grade infrastructure. Every token is backed by one gram of bodily gold, which DBS shops in a devoted vault in Singapore, the financial institution stated in an announcement.

This transfer builds on the rising pattern in the direction of blockchain-based variations of real-world property (RWA). The scale of bodily gold holdings within the portfolios of DBS’ excessive internet value shoppers has greater than doubled prior to now three years.

In 2025, DBS tokenized structured bonds on Ethereum and listed Franklin Templeton’s tokenized cash market fund token, sgBENJI, alongside Ripple’s RLUSD dollar-pegged stablecoin.

“Whereas our retail traders had been capable of buy gold funds, entry to bodily gold was primarily solely obtainable to institutional and accredited traders,” stated James Tan, head of funding merchandise and advisory at DBS. “DBS has been providing bodily gold investing to high-net-worth shoppers since 2013 and is now leveraging tokenization to increase entry and allow extra retail shoppers to spend money on gold in a safe and significant method.”

See also  Myton Wallet Pay's Tokenstore debut brings Ton closer to cash in one step
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Reading: Singapore bank DBS offers tokenized gold to retail customers
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