DBS Bank to Tokenize Physical Gold for Retail Investors

DBS Bank is gearing up to offer tokenized physical gold through its digibank app, allowing everyday retail customers to invest in the precious metal. The product, called DBS Physical Gold Tokens, will be available on the app by the second half of 2026 and will represent ownership of 1 gram of physical gold.

The tokens are designed to offer enhanced liquidity compared to holding physical bars in a vault, and they can be bought in smaller amounts, unlike traditional bullion investments that require purchasing an entire bar. DBS is repackaging its existing bullion services on a blockchain to make them accessible to retail investors with smaller amounts.

This move comes as Singapore's tokenization race heats up, with OCBC launching its own tokenized physical gold fund, GOLDX, in April 2026. GOLDX runs on both Ethereum and Solana, giving it multi-chain availability from the start. DBS hasn't disclosed which blockchain will underpin the gold tokens or the custody arrangements.