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 tailored for accredited investors and institutions.
The bank will tokenize, issue, distribute and manage the physical gold tokens entirely in-house, supported by a reliable bank-grade infrastructure. Each token is backed by 1 gram of physical gold, which DBS holds in a dedicated vault in Singapore, the bank said in a statement.
The move builds on a growing trend for blockchain-based versions of real-world assets (RWAs). The size of physical gold holdings in DBS’s wealthy clients’ portfolios has more than doubled over the past 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-denominated stablecoin.
“While our retail investors have been able to buy gold funds, access to physical gold has largely only been available to institutional and accredited investors,” said James Tan, the head of DBS’s investment products and advisory unit. “DBS has been offering physical gold investments to wealth 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.”
