# Singapore Launches Gold Custody Service for Overseas Central Banks, Official Institutions

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/53586
Published: 2026-11-11T05:03:27.000Z
Updated: 2026-11-11T05:03:27.000Z
Section: Business

> The national monetary vault can hold up to 500 metric tons. MAS will also provide custody accounts to some qualifying precious-metals banks in Singapore.

Singapore launched a gold custody service Tuesday for overseas central banks and official institutions, using its national vault to offer reserve holders another place to store gold.

The service is designed to meet demand for diversifying gold storage. Singapore Deputy Prime Minister and Monetary Authority of Singapore (MAS) Chairman 颜金勇 said central banks want more options to make their reserves more resilient.

The national monetary vault has capacity for up to 500 metric tons and can be expanded as demand grows. MAS will also provide custody accounts to some precious-metals banks with operations in Singapore and relevant expertise.

颜金勇 said Singapore does not intend to replace other gold centers or custody services.