DBS to Launch Gold-Backed Token for Retail Clients, With 1 Gram per Token

DBS Group Holdings Ltd., Singapore’s largest bank, plans to launch a tokenized product backed by physical gold 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 handle 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, its platform 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, head of investment products and advisory at DBS, said retail investors have until now been able to invest in gold funds, while direct access to physical gold has largely been limited to institutions and accredited investors.

DBS has offered physical gold investments to wealth-management clients since 2013, Tan added. The bank now plans to use tokenization to broaden access so more retail clients can invest in gold securely.