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Singapore to establish OTC gold clearing system, introduce central bank gold-vaulting services
MAS and SGX will expand clearing and vaulting services to improve liquidity, settlement and price discovery for gold trading in Asian hours.
- On Monday, Singapore Deputy Prime Minister Gan Kim Yong announced the establishment of an over-the-counter gold clearing system and central bank gold-vaulting services to strengthen the nation's position as a regional trading hub.
- Singapore aims to fill a 'practical gap' in the Asian time zone where market participants seek more efficient liquidity access and settlement during Asian trading hours.
- Six major banks—DBS, OCBC, and JPMorgan among them—will serve as clearing members, while the Monetary Authority of Singapore will introduce central bank gold-vaulting services by October.
- MAS will remove a 5 per cent cap on physical investment precious metals under tax-incentive schemes, enabling eligible funds and family offices to deploy capital into physical gold more flexibly.
- While gold liquidity remains concentrated in London and New York, the Singapore Exchange is exploring physically deliverable gold futures contracts to connect regional demand with global liquidity during Asian hours.
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13 Articles
Singapore to Begin Gold Clearing This Year in Push to Become Hub
Singapore plans to launch a gold-clearing system this year, with banks including JPMorgan Chase & Co. and Deutsche Bank AG set to participate in the city-state’s push to become a hub in the global bullion market.
·New York, United States
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·New York, United States
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Singapore to Launch Gold Clearing System, Central Bank Vaulting Services
Singapore will introduce an over-the-counter gold clearing system and central bank vaulting services as it strengthens its role in Asia’s gold market. Deputy Prime Minister Gan Kim Yong announced the measures at the Asia-Pacific Precious Metals Conference on 15 June 2026. Singapore Exchange will establish the clearing system for Loco Singapore by the end of 2026, with interbank trading expected to build from 2027. The system will support large g…
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Total News Sources13
Leaning Left1Leaning Right2Center2Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
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