DBS Group Plans to Launch Tokenized Physical Gold in Singapore

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According to DBS Group, the Singapore-based bank announced on June 11 its plan to introduce tokenized physical gold, marking the first such product in Singapore. Each token will be backed by one gram of physical gold stored in DBS vaults and will enable retail customers to digitally acquire, hold, and trade the tokens. The tokens will be launched through the bank's digital application in the second half of 2026.
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