Singapore has strong credibility among financial institutions and central banks, and is in a strong position to serve this need, he added.
A DBS white paper published on Tuesday said one in four central bank respondents were actively evaluating Asian hubs as potential storage locations for official gold reserves.
About half of the asset managers and banks surveyed said state-backed gold infrastructure had increased their institutions’ interest in Asian hubs, added DBS.
The white paper noted that global gold demand surpassed 5,000 tonnes in 2025, reaching a record US$555 billion in value, according to the World Gold Council. Asia accounted for more than half of physical bar and coin investment, and jewellery demand.
“Consequently, stronger regional infrastructure could deepen liquidity during Asian trading hours, facilitate local clearing and settlement, and support greater trading in gold bar formats,” said DBS.
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