Singapore Launches Gold Clearing System by End-2026 as JPMorgan, Deutsche Bank Join
Updated
Updated · Bloomberg · Jun 15
Singapore Launches Gold Clearing System by End-2026 as JPMorgan, Deutsche Bank Join
3 articles · Updated · Bloomberg · Jun 15
Summary
Singapore plans to roll out an over-the-counter gold-clearing mechanism by the end of 2026, adding market infrastructure to support its bullion ambitions.
Singapore Exchange will establish the system, while JPMorgan Chase and Deutsche Bank are among the banks set to participate in the new clearing network.
Inter-bank gold trading on the platform is expected to build from next year, according to Deputy Prime Minister Gan Kim Yong, who also chairs the Monetary Authority of Singapore.
The move is part of Singapore’s broader push to position the city-state as a hub in the global bullion market.