DBS Bank to launch tokenized physical gold through its digibank app

DBS Bank is launching tokenized physical gold for retail customers in Singapore via its digibank app. This initiative aims to democratize access to precious metals, potentially reshaping retail investment landscapes and increasing blockchain adoption. By providing these tokenized assets, DBS Bank seeks to boost Singapore's gold market, making gold investments more accessible to retail investors. The move integrates traditional assets with digital technology to modernize how individuals invest in gold within the region.