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According to The Straits Times, DBS Bank (DBS Group), the largest bank in Singapore and Southeast Asia by asset size, has announced that in the second half of 2026, it will launch “DBS Physical Gold Tokens” for retail customers via its digibank application. The move comes as Singapore is fully working to establish itself as a gold trading hub. It is reported that this product will be Singapore’s first scheme allowing retail investors to digitally acquire, hold, and trade tokenized physical gold through a single platform. Each token will be fully backed by 1 gram of physical gold stored by DBS Bank in its dedicated vault in Singapore.