Tech Leverage

DBS Launches Tokenised Physical Gold Trading for Singapore Retail Customers

Sourced from 2 publications

  • •DBS Group said Thursday it will offer tokenised physical gold to Singapore retail customers, with each token backed by physical gold, according to Reuters.
  • •The bank is exploring listing the gold token on its DBS Digital Exchange, potentially creating a secondary trading venue.
  • •The launch aligns with Singapore's broader push to establish itself as a significant gold trading hub.
  • •Rising gold prices and growing demand for precious metals across Asia are driving retail interest in alternative gold investment products.

Sources

DBS launches tokenised physical gold for retail customers in Singapore

Businesstimes

Singapore bank DBS to offer tokenised physical gold to retail customers

Thestar

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Curated from 2 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.

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