Singapore bank DBS to offer tokenized gold to retail customers
CoinDesk 2026-06-11 08:12:50
Context: DBS, a prominent bank in Singapore, has announced a new initiative to offer tokenized gold to its retail customers. This move is part of the bank's efforts to provide innovative investment options to its clients. The tokenized gold offering is expected to provide customers with a secure and convenient way to invest in gold.
Key Facts
- DBS will offer tokenized gold to its retail customers, with each token backed by one gram of physical gold held by DBS in a dedicated vault in Singapore. The physical gold is stored in a secure location, providing an added layer of security for customers. The tokenized gold offering is designed to provide customers with a convenient and secure way to invest in gold, without the need to physically store the metal. The exact details of the tokenized gold offering, including the pricing and availability, have not been disclosed by DBS.