Overview
- DBS announced on June 11, 2026 that it will offer DBS Physical Gold Tokens in the digibank app in the second half of 2026, with each token representing one gram of physical gold stored in a DBS vault in Singapore.
- The bank says it will tokenize, issue, distribute and manage the tokens in‑house, let customers buy fractional amounts, trade 24/7 with near‑instant settlement and redeem tokens for physical metal.
- DBS is exploring a separate listing for accredited and institutional investors on its DBS Digital Exchange (DDEx) but has not finalised those plans.
- Key technical and operational details remain undeclared, including which blockchain will be used, the exact custody and audit procedures and the concrete mechanics for physical redemption, raising questions about settlement finality and smart‑contract risk.
- The launch builds on DBS’s prior tokenisation projects and comes as gold demand and prices surged earlier in 2026, while OCBC’s April GOLDX product challenges DBS’s claim to be the first single‑platform retail tokenised physical gold offering.