DBS brings tokenised physical gold to retail investors via digibank

It is also exploring plans to list the token on DDEx.

DBS will begin to offer tokenised physical gold to customers in the second half of 2026.

The DBS Physical Gold Tokens will be available to retail customers via DBS digibank later this year, according to an announcement on 11 June.

DBS is also exploring plans to list the token on DBS Digital Exchange (DDEx). More details will be announced in due course, it said.

DBS will tokenise, issue, distribute and manage the physical gold tokens entirely in-house. Each token is backed by one gram (~S$200) of physical gold held by DBS in a dedicated vault in Singapore.

This is reportedly the first in Singapore to enable customers to digitally access, hold, and trade tokenised physical gold in a single platform.

DBS has offered physical gold investments to wealth clients since 2013. Access to physical gold had been largely available to only institutional and accredited investors in the past.

Gold prices reached an all-time high of $5,600 per ounce earlier in 2026, DBS noted.

“Gold as an asset class has taken off in recent years, demonstrating its enduring value as a safe haven and a critical diversifier in uncertain times,” said James Tan, group head, investment product and advisory at DBS.