FINANCE

Singapore Launches Gold Custody for Foreign Central Banks

Published: Nov. 11, 2026 1:50 a.m. GMT+8

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The Monetary Authority of Singapore on July 28, 2026. Photo: VCG

Singapore launched gold custody services for foreign central banks, international financial institutions and sovereign entities on Tuesday, offering storage in a national vault with capacity of up to 500 metric tons.

The Monetary Authority of Singapore (MAS) said the vault’s capacity could expand to meet demand. The authority will also offer gold custody accounts to selected bullion banks operating in Singapore to support their gold services and trading liquidity.

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Singapore launched gold custody services for central banks with national vault capacity up to 500 metric tons, expandable to meet demand.
OTC gold clearing system begins Q1 2027; SGX Gold Kilobar Futures launch Q2 2027; GST exemptions take effect April 2027.
Hong Kong targets 2,000 tons storage within 3 years; Fed storage share fell to 14% and Bank of England to 57% in central bank survey.

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Who’s Who

Singapore Exchange Ltd.: Singapore Exchange Ltd. (SGX) is developing an over-the-counter gold clearing system with six founding banks, expected to go live in Q1 2027. It will also launch Gold Kilobar Futures in Q2 2027, supporting Singapore's push to become an Asian gold trading hub.

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What Happened When

First half of 2026：: Global demand for gold bars and coins rose 21% year-on-year to 784 metric tons, according to the World Gold Council.

June 2026：: Singapore Deputy Prime Minister and MAS Chairman Gan Kim Yong first announced plans for the gold custody facility.

June 2026：: World Gold Council central bank survey showed shares of respondents storing gold at the Federal Reserve Bank of New York, Bank of England, and Swiss National Bank declined; some expanded domestic storage and diversified overseas custody.

July 2026：: Hong Kong's central gold clearing system began trial operations.

November 11, 2026：: Singapore launched gold custody services for foreign central banks, international financial institutions, and sovereign entities, offering storage in a national vault with capacity up to 500 metric tons.

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