dbs

#DBS Group has officially announced it will offer tokenized physical gold to retail clients, integrating the asset directly into its main DBS digibank app.

Backed 1:1 by real bullion secured in the bank's vaults, each token represents 1 gram of physical gold, enabling fractional ownership and 24/7 trading.

The product lowers entry barriers for retail investors and includes a physical redemption option, with plans to expand the asset to DBS’s institutional digital exchange later this year.

Singapore's DBS Bank to Launch Tokenized Gold Product for Retail Customers

Singapore's largest bank, DBS, has announced that it will roll out a tokenized gold product for retail clients, with each token backed by 1 gram of physical gold stored in a dedicated vault in Singapore. Retail customers will be able to buy, sell, and hold tokenized gold directly through the DBS digital banking platform.

Why it matters: Traditional banking giants are ramping up their RWA (Real World Asset) tokenization strategies, and DBS's move extends tokenized assets from the institutional level to retail, pushing mainstream users to engage with on-chain assets.

#DBS #RWA #代币化 #黄金 #DeFi