DBS Bank plans to launch tokenized gold trading in the second half of 2026

According to CoinDesk, DBS Bank in Singapore plans to offer tokenized gold trading to retail customers in the second half of 2026. The product is called DBS Physical Gold Token, and each token is backed by 1 gram of physical gold held by DBS Bank in a dedicated vault in Singapore. DBS Bank in Singapore independently issues and manages the token, and is considering listing it on the DBS Digital Exchange for qualified investors. James Tan, Head of Investment Products at DBS Bank in Singapore, stated that retail customers can only purchase gold funds, while physical gold is mainly targeted at institutions and qualified investors, and tokenization will expand access.