DBS Group, the largest bank in Southeast Asia, is bringing tokenized physical gold to the masses. Starting in the second half of 2026, retail customers in Singapore will be able to buy, sell, and hold gold tokens through the bank’s digibank app, with each token backed by one gram of physical gold stored in a vault in Singapore.
The product, called DBS Physical Gold Tokens, represents Singapore’s first retail offering of tokenized physical gold. At approximately S$200 per gram at the time of the announcement, the entry point is deliberately low enough to pull in investors who previously found gold ownership either too expensive or too cumbersome to bother with.
What the tokens actually do
The tokens are designed to be invested, traded, and held on a single platform, the digibank app. That’s a meaningful distinction from existing gold investment products that often require multiple intermediaries or separate custody arrangements.
DBS is also considering listing the tokens on its DBS Digital Exchange, known as DDEx, for accredited and institutional investors. That would create a two-tier market: retail access through the app, institutional access through the exchange.
