Crypto-friendly DBS Bank said it will begin offering tokenized gold trading to its retail clients in the second half of 2026.
DBS said it will list the product, called DBS Physical Gold Tokens, on its digibank platform and is also considering making it available on the DBS Digital Exchange (DDEx), which is designed for accredited investors and institutions.
The bank will tokenize, issue, distribute and manage physical gold tokens entirely in-house, backed by reliable bank-grade 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 in the last three years.
In 2025, DBS tokenized structured notes on Ethereum and listed sgBENJI, the token of Franklin Templeton’s tokenized money market fund, alongside Ripple’s RLUSD dollar-pegged stablecoin.
“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 DBS’s investment products and advisory unit. “DBS has offered physical gold investments to wealthy 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.”
