DBS Group, Singapore’s largest bank, will begin offering tokenized gold to retail clients during the second half of 2026.
The product, called DBS Physical Gold Tokens, It will be available through the Digibank digital platformaccording to reported this June 10, 2026.
Each token will be backed by 1 gram of physical gold stored in a dedicated vault in Singapore. The entity’s clients will be able to buy, sell, hold and exchange the tokens, in addition to requesting physical delivery of the metal.
The bank indicated that it will internally manage the issuance, distribution and custody of the product. It should be noted that DBS has already used different infrastructures in previous projects, including its own network compatible with Ethereum Virtual Machine (EVM) and Ethereum. However, He has not yet clarified which one he will use for the new gold tokens.
This initiative is part of the growth of tokenized real-world assets (RWA), a trend that seeks to represent financial instruments, raw materials or other physical assets through digital tokens, as reported by CriptoNoticias.
However, exposure to gold through digital assets not news to Singapore investors. Products like PAX Gold (PAXG)issued by Paxos, and Tether Gold (XAUT), issued by Tether, have been allowing exposure to the price of the metal for years through tokens backed by physical reserves, without geographical limitations.
DBS is also not the first local bank to move into this market. In April 2026, OCBC, Singapore’s second largest financial institution, launched GOLDXa product backed by physical gold that runs on the Ethereum and Solana networks.
The difference that DBS seeks to highlight is in the target audience. The bank had already offered investments in physical gold since 2013, but that access was concentrated mainly in wealth clients, accredited investors and institutions. The new product, however, will be available to small investors from the Digibank application.
“While 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 investment and advisory products at DBS.
In turn, he highlighted: “DBS has offered investments in physical gold to wealth clients since 2013, and now we are leveraging tokenization to expand access, allowing more retail clients to invest in gold safely and meaningfully.”
The launch joins other bank initiatives linked to digital assets. In 2025, DBS tokenized structured notes on Ethereum and incorporated sgBENJI, Franklin Templeton’s tokenized monetary fund, into its ecosystemin addition to RLUSD, the dollar-backed stablecoin issued by Ripple Labs.
Now, the key will be in the details that DBS has not yet reported: what network it will use, whether the tokens can be transferred outside the bank and under what conditions they can be exchanged for physical gold. This information will define whether the product will be comparable to other existing gold tokens or whether it will function as a closed solution within the DBS ecosystem.