Singapore to Build Gold Clearing Hub With JPMorgan and Deutsche Bank
TL;DR Summary
Singapore plans to launch an over-the-counter gold-clearing system this year, with JPMorgan Chase and Deutsche Bank among the banks participating. The Singapore Exchange will establish the clearing mechanism by end-2026, and inter-bank trading is set to ramp up next year, as Singapore positions itself as a trusted node in the global gold ecosystem to connect Asian demand with liquidity and compete with Hong Kong as a regional gold hub.
- Singapore to Begin Gold Clearing This Year in Push to Become Hub Bloomberg.com
- Singapore to launch gold clearing system in bid to become precious metals hub Financial Times
- Singapore bank DBS to offer tokenised physical gold to retail customers Reuters
- XRP Ledger Can Now Tokenize Gold Via This New Ripple Deal Bitget
- Singapore to remove fund 5% cap on gold physical investment investingLive
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