DBS to Launch Retail Gold Token Backed by 1 Gram of Bullion Each

DBS Group Holdings Ltd., Singapore’s largest bank, plans to launch a physical gold-backed tokenized product for retail investors.

CoinDesk reported on June 11 that DBS aims to roll out DBS Physical Gold Tokens in the second half of 2026.

DBS will directly oversee the tokenization, issuance, distribution and management of the product. Each token will be backed by 1 gram of physical gold stored in a dedicated DBS vault in Singapore.

The bank plans to offer the product first through digibank, its digital banking platform. It is also considering listing the token on DBS Digital Exchange, or DDEx, which is reserved for institutional and accredited investors.

DBS last year tokenized structured notes on the Ethereum network. It has also listed Franklin Templeton’s tokenized money market fund token, sgBENJI, and Ripple’s stablecoin RLUSD on its platform.

James Tan, DBS’s head of investment products and advisory, said retail clients had previously been able to invest in gold funds, while direct investment in physical gold was largely limited to institutions and accredited investors. DBS has offered physical gold investments to wealth-management clients since 2013, he added. The bank now plans to use tokenization to expand access so more retail clients can invest in gold securely.