DBS Group, Singapore’s biggest bank by assets, will offer tokenised physical gold to retail customers as demand for the precious metal grows and the city-state pushes to become a gold trading hub.

Tokenized Gold Investment

The rollout comes as gold remains in demand as a store of value despite recent price swings. Gold prices touched a record high of $5,600 an ounce this year amid concerns over inflation, geopolitical tensions and market volatility, but spot gold fell to $4,111.95 on Wednesday, its lowest since March 23 and down 27% from that peak.

DBS, which is also Southeast Asia’s biggest bank, said in a statement that DBS Physical Gold Tokens will be available through its digibank app in the second half of 2026. Each token will be backed by one gram of physical gold held by DBS in a dedicated vault in Singapore.

Customers will be able to buy smaller amounts of gold, trade around the clock and redeem tokens for physical gold, DBS said. The bank is exploring plans to list the token on its DBS Digital Exchange for accredited investors and institutional partners.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.