DBS is getting ready to put gold on-chain for everyday savers in Singapore. The bank plans to offer tokenized physical gold to retail customers through its digibank app in the second half of 2026, in what it says will be the first product of its kind in the country. The move also supports Singapore’s push to cement its status as a global hub for precious metals and digital assets.
How DBS’s Gold Tokens Will Work
DBS will issue “DBS Physical Gold Tokens,” each backed by one gram of physical gold stored in a dedicated vault in Singapore. The bank says customers will be able to buy, hold, and trade these tokens 24/7 inside digibank, instead of dealing with traditional gold bars or coins. As of this week, one gram of gold is worth about 200 Singapore dollars, or roughly 155 U.S. dollars.
DBS will handle the tokenization, issuance, distribution, and management entirely in-house, rather than outsourcing the blockchain work. The bank also plans to let customers redeem their tokens for physical gold if they want to convert back to metal. In addition, DBS is exploring a potential listing for the token on its DBS Digital Exchange, which serves accredited investors and institutions.
DBS describes tokenization as the process of converting ownership of a real-world asset into a digital token that can be traded electronically. In this case, the structure allows fractional ownership, so customers can start with smaller amounts of gold instead of paying for a full bar. That lower entry point may appeal to younger or more price‑sensitive savers who still want exposure to a traditional safe‑haven asset.
The bank says rising demand for gold, driven by inflation worries and geopolitical tensions, helped shape the timing of the launch. By offering tokenized gold inside a familiar banking app, DBS aims to blend the convenience of digital trading with the reassurance of a regulated institution and vault‑backed reserves.
If the rollout succeeds, DBS’s product could become a template for other Asian banks looking to integrate blockchain rails with long‑standing investment products. It also adds another real‑world asset to Singapore’s growing tokenization ecosystem, alongside experiments in tokenized bonds, funds, and other commodities.
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