DBS Bank to Offer Tokenized Physical Gold to Retail Investors
— By Tony Rabbit in Markets
DBS Bank will launch tokenized physical gold for retail customers via its digibank app in H2 2026, backed by physical gold in Singapore.
Singapore's largest bank, DBS, has announced plans to introduce tokenized physical gold for its retail customers. The service, accessible through the bank's digibank app, is slated for launch in the second half of 2026.
Tokenized Gold for Retail Investors
Each token will represent 1 gram of gold and will be fully backed by physical gold held by DBS in a dedicated vault in Singapore. The bank will manage the entire process in-house, from tokenization and issuance to distribution and management, utilizing its existing bank-grade infrastructure.
Repackaging Existing Services
This initiative essentially repackages DBS's established bullion services, which traditionally catered to wealthier clients. By tokenizing gold, DBS aims to make gold exposure accessible to retail investors in smaller, more manageable amounts on a blockchain.
Market Competition
DBS's move follows a similar offering from Singaporean rival OCBC. OCBC launched its own tokenized physical gold product, GOLDX, in April 2026, beating DBS to market.
Implications for Digital Assets
The introduction of tokenized physical assets by major financial institutions like DBS underscores a growing trend in the integration of traditional finance with blockchain technology. This development could pave the way for more diverse tokenized offerings and increase mainstream adoption of digital assets. While specific token details are pending, DEXTools will be a key platform for tracking any related market activity once these tokens are live.
Reported by CoinDesk and Crypto Briefing.
Frequently Asked Questions
What is DBS launching?
DBS is launching tokenized physical gold for retail customers.
When will the service be available?
The service is expected to launch in the second half of 2026.
How much gold does each token represent?
Each token will represent 1 gram of physical gold.
Who is DBS's competitor in this market?
OCBC launched its tokenized physical gold product, GOLDX, in April 2026.