Singapore launches gold custody services for overseas central banks and official institutions

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智通财经2026/11/10 05:06

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Singapore has launched gold custody services for overseas central banks and official institutions to meet the growing global demand for diversified gold reserve storage. The Monetary Authority of Singapore stated in a press release on Tuesday that relevant precious metals will be stored in Singapore’s national bullion vault; currently, the vault has a capacity of up to 500 tons, with the possibility of expansion as demand increases.
Singapore’s Deputy Prime Minister and MAS Chairman, Heng Swee Keat, stated that Singapore has no intention of replacing other gold centers or gold custody services. As countries increasingly regard gold as a reserve asset, central banks are seeking alternative solutions and more options to enhance the resilience of their gold reserves. He revealed that overseas central banks have expressed interest in storing gold in Singapore, but declined to specify the countries or institutions involved.

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Singapore launches gold custody services for overseas central banks and official institutions

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