Singapore is setting out new measures to strengthen its position as a trusted gold trading centre for the Asia-Pacific, as interest in vaulting and trading gold in the city-state grows.
The Monetary Authority of Singapore and the Singapore Bullion Market Association said the focus areas were identified by a Gold Market Development Working Group formed in January 2026, following discussions and studies with industry participants in 2025.
The group will look at developing gold-related capital market products to support price discovery and liquidity, while also setting internationally aligned standards for vaulting and logistics.
It will also build a clearing system for the over-the-counter settlement of large bar and kilobar gold trades in Singapore.
MAS is also studying the possibility of offering vaulting services for foreign central banks and sovereign entities to meet potential demand.
These steps are aimed at improving market confidence and supporting Singapore’s role as a regional gold hub alongside other major centres.
The effort is also intended to anchor higher-value activities in Singapore, create jobs, and strengthen the resilience and diversity of the financial sector.
The working group is co-chaired by MAS and SBMA, with steering committee members from DBS, ICBC Standard Bank, JPMorgan Chase, SGX Group, UBS, UOB and the World Gold Council.
It is supported by technical workstreams involving a wider group of stakeholders, including the institutions listed below.
The group is expected to work out the details of the measures over the next few months and provide updates on implementation through 2026.
Featured image: Edited by Fintech News Singapore, based on image by amankris via Freepik
