DBS to Tokenize Physical Gold for Retail Investors in 2026

The planned launch follows a series of blockchain-based offerings. In 2025, DBS tokenized structured notes on Ethereum and partnered with Franklin Templeton and Ripple to bring tokenized money market fund products and stablecoin services to accredited and institutional investors through DDEx. That included listing Franklin Templeton's sgBENJI token, which represents units of a tokenized U.S. dollar money market fund, alongside Ripple's RLUSD stablecoin.

DBS also said clients could use tokenized fund units as collateral for financing arrangements, including repo transactions and lending structures where the bank acts as custodian.

For retail investors, direct ownership of physical gold has traditionally been less accessible than investing through gold-related funds.

"While our retail investors have been able to buy gold funds, access to physical gold has been largely available to only institutional and accredited investors," said James Tan, head of investment products and advisory at DBS. "DBS has offered physical gold investments to wealth clients since 2013, and we are now leveraging tokenisation to broaden access, enabling more retail customers to invest in gold in a safe and meaningful way."

The rollout is scheduled for the second half of 2026.