Crypto-friendly DBS Bank said it will begin offering tokenized gold trading to its retail customers in the second half of 2026.
DBS said it would list the product, called DBS Physical Gold Tokens, on its digibank platform and also plans to make it available on the DBS Digital Exchange (DDEx), designed for accredited investors and institutions.
The bank will tokenize, issue, distribute and manage physical gold tokens entirely in-house, supported by reliable banking infrastructure. Each token is backed by 1 gram of physical gold held by DBS in a dedicated vault in Singapore, the bank said in a statement.
The move builds on a growing trend toward blockchain-based versions of real-world assets (RWA). The size of physical gold holdings in the portfolios of DBS’s wealthy clients has more than doubled over the past three years.
In 2025, DBS tokenized notes structured on Ethereum and listed sgBENJI, the token of Franklin Templeton’s tokenized money market fund, alongside Ripple’s dollar-pegged stablecoin RLUSD.
“Although our retail investors have been able to purchase gold funds, access to physical gold has largely been available only to institutional and accredited investors,” said James Tan, head of DBS’s investment products and advisory unit. “DBS has been offering physical gold investments to high-net-worth clients since 2013, and we are now leveraging tokenization to expand access, enabling more retail clients to invest in gold in a safe and meaningful way.”
