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Singapore's central bank offers gold vaulting to other central banks and bullion banks
By Timothy Goh
The Straits Times, Singapore
Monday, June 15, 2026
Foreign central banks and sovereign entities will be able to store their gold reserves with the Monetary Authority of Singapore from October as Singapore strengthens its position as a regional hub for gold trading and storage.
This will complement the republic's commercial vaulting capacity, which exceeds 2,000 tonnes and serves market participants such as bullion banks, institutional investors, and high-net-worth individuals, Deputy Prime Minister Gan Kim Yong said today at the Asia-Pacific Precious Metals Conference held at Shangri-La Hotel.
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Beyond secure storage, some foreign central banks and sovereign entities may also be keen to actively manage their gold holdings.
The central bank will therefore extend gold accounts to a select group of Singapore-based bullion banks, enabling them to better provide gold-related services and liquidity to these entities. MAS did not name these banks.
Gan said: "This strengthens Singapore's proposition as a jurisdiction where reserve assets can be securely held, actively managed, and connected to wider market liquidity during Asian trading hours." ...
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