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DBS Bank Launches Tokenized Gold for Retail Investors

DBS is bringing tokenized gold to retail customers in 2026. Each token represents one gram of physical gold, fully managed inside the bank.

By Zenz van der Wielen
• 2 min read
DBS Bank Launches Tokenized Gold for Retail Investors

Key Takeaways

  • DBS Bank will offer tokenized gold to retail customers in the second half of 2026.
  • Each DBS Physical Gold Token represents one gram of physical gold in a vault in Singapore.
  • The bank wants to make physical gold more accessible, safer, and easier to use through digibank and possibly DDEx.

DBS Bank will start offering tokenized gold to retail customers in the second half of 2026. With this move, the Singapore-based bank is expanding its crypto offering and making physical gold more accessible to a wider group of investors.

Tokenized Gold Through digibank and DDEx

The new service, DBS Physical Gold Tokens, will be available on DBS's digibank platform. The bank is also considering offering the product through DBS Digital Exchange (DDEx), which focuses on accredited investors and institutional clients. Each token is fully backed by one gram of physical gold stored safely in a dedicated DBS vault in Singapore. The tokenization, issuance, and management of these tokens all happen inside the bank, using bank-grade infrastructure.

Growth and Accessibility of Physical Gold

The launch of tokenized gold fits into a broader trend where blockchain technology is being used to digitize real-world assets. Interest in physical gold among DBS's wealthy clients has more than doubled over the past three years. Until now, access to physical gold was mostly limited to institutional and accredited investors. DBS has offered physical gold investments to its wealth clients since 2013, but with tokenization, the bank wants to make this option safer and easier for retail investors.

This move follows earlier DBS initiatives, such as tokenizing structured notes on Ethereum and offering Franklin Templeton's sgBENJI token and Ripple's RLUSD stablecoin on DDEx.

Relevance for European Investors

The growth of tokenized gold reflects a global trend where traditional financial institutions are increasingly getting comfortable with blockchain-based real-world assets. This could also be interesting for European investors, since these kinds of tokenized products offer a new way to get exposure to gold without the need for physical storage or complicated transactions. The development of tokenized gold standards by international organizations could also help drive broader adoption and more transparency in this market.

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