DBS Bank, the biggest lender in Singapore, is preparing to offer tokenized physical gold to everyday retail customers. The product, called DBS Physical Gold Tokens, will be available through the bank’s digibank mobile app in the second half of 2026.
Each token will represent ownership of 1 gram of physical gold. That’s a deliberate design choice: it means you don’t need to buy an entire bar to get exposure to the metal.
What DBS is actually building
DBS is taking its existing bullion services, which have traditionally catered to wealthier clients, and repackaging them on a blockchain so retail investors can participate with smaller amounts. The tokens are also expected to offer enhanced liquidity compared to holding physical bars in a vault.
DBS hasn’t disclosed which blockchain will underpin the gold tokens, nor has it detailed the custody arrangements or redemption processes.
