The Monetary Authority of Singapore (MAS) and the Singapore Bullion Market Association (SBMA) have announced a comprehensive strategic framework to solidify Singapore’s position as a premier, trusted gold trading and vaulting hub for the Asia-Pacific region.
The initiative follows a detailed year-long study conducted in 2025 and is the primary output of the Gold Market Development Working Group, established in January 2026 to address the surging global investor interest in precious metals.
The working group has identified several critical pillars to strengthen Singapore’s gold ecosystem and enhance market liquidity: Namely, Capital Market Products: Developing new gold-related financial instruments to facilitate more accurate price discovery and build deeper market liquidity. Infrastructure & Standards: Establishing robust, internationally aligned standards for vaulting and logistics to ensure security and transparency. Clearing & Settlement: Building a dedicated clearing system to support secure and efficient over-the-counter (OTC) settlements for both large bars and kilobars. Sovereign Services: MAS will explore providing specialized vaulting services tailored to the needs of foreign central banks and sovereign entities.
By anchoring high-value gold trading activities locally, MAS aims to create high-quality jobs for Singaporeans and enhance the overall resilience of the nation’s financial sector. The goal is to position Singapore as a “trusted and vibrant” regional center that complements existing global gold hubs.
“These efforts will foster greater market confidence and position Singapore as a trusted and vibrant regional gold centre… benefiting market participants in Singapore and the region,” the statement noted.
The strategy is being driven by a high-level working group co-chaired by MAS and SBMA. The group includes DBS Bank, UOB, JPMorgan Chase, UBS AG, ICBC Standard Bank and industry bodies, SGX and World Gold Council.
