DBS Bank Singapore will offer tokenized gold trading to retail clients.

CoinFeed reported on June 11th that, according to CoinDesk, DBS Bank of Singapore plans to offer tokenized gold trading to retail clients in the second half of 2026. The product, named DBS Physical Gold Token, will have each token backed by 1 gram of physical gold held by DBS Bank in a dedicated vault in Singapore. DBS Bank stated that the token will be self-issued and managed and is considering listing it on the DBS Digital Exchange, which targets accredited investors. James Tan, Head of Investment Products at DBS Bank, said that previously, retail clients could only purchase gold funds, and physical gold was mainly targeted at institutional and accredited investors; this tokenization will broaden accessibility.