DBS Bank will soon let customers buy, sell, and hold tokenized physical gold directly in its digibank app, the bank announced. The product is designed to offer a digital version of a traditional safe-haven asset.
Physical gold, digital wrapper
Each token represents a specific amount of physical gold stored in DBS vaults. The bank will ensure the gold is audited and secured. The tokens themselves live on a blockchain, giving users a transparent record of ownership. They can be bought and sold in fractions, so someone with a small amount of cash can start investing in gold.
Why use tokens instead of bars?
Buying physical gold means arranging storage, insurance, and sometimes paying for shipping. Tokenized gold removes those steps. Trades settle in near real time, and the tokens can be transferred between app users without moving any metal. DBS will handle the custody and provide regular audits to confirm the gold exists.
Who can buy
The bank plans to make the gold tokens available to both retail customers and institutional accounts. Since the digibank app is already widely used in Singapore and across Asia, many existing clients will be able to access the product without setting up a new account.
No launch date yet
DBS has not given a firm timeline for when the tokenized gold service will go live. The bank said it will release more information on pricing, fees, and how to get started before the rollout.
