DBS to roll out 1-gram gold tokens for Singapore retail clients

DBS will offer tokenized physical gold to retail customers in Singapore in the second half of 2026, opening a market that had largely been limited to institutional and accredited investors. The DBS Physical Gold Token will be sold through the bank’s digibank app, with each token backed by 1 gram of gold stored in a dedicated Singapore vault. Customers will be able to trade the tokens around the clock, buy smaller amounts through fractional ownership and redeem holdings for physical gold. DBS is also studying a listing on DBS Digital Exchange. The bank said physical gold assets held by its wealth clients have more than doubled over the past three years as Singapore pushes to strengthen its role as a gold-trading hub.