Secure gold custody in Singapore
The Monetary Authority of Singapore (MAS) provides eligible central banks, international financial institutions and sovereign entities with secure, allocated gold custody in Singapore, complemented by access to participating bullion banks and gold market services when required.
What can you expect when you hold gold with MAS?
Hold your gold securely
Gold is held with MAS on an allocated basis at Singapore’s national currency vault. Specific gold bars are assigned to each customer and individually identified and recorded.
Gold is stored in a high-security facility supported by layered physical and operational safeguards. MAS maintains records of gold holdings and movements, supported by reconciliation, access controls, segregation of duties and oversight arrangements.
Manage your holdings
MAS supports the deposit, secure storage, book-entry transfer and withdrawal of gold. Gold deposited with MAS must meet the London Bullion Market Association (LBMA) Good Delivery standards.
Access your gold holdings and market services when needed
Customers can access their gold held with MAS, and obtain gold-related services and trading liquidity from bullion bank counterparties that have accounts with MAS through bilateral arrangements.
Who can use the service?
MAS’ gold custody service is available to eligible:
- foreign central banks;
- international financial institutions; and
- sovereign entities.
Eligible bullion banks with a presence in Singapore that serve official-sector customers may also apply for a gold custody account with MAS, subject to the applicable eligibility and onboarding requirements.
Applications are subject to MAS’ eligibility assessment and due diligence requirements. MAS will engage prospective customers on the documentation and legal and operational arrangements required for onboarding.
FAQs
Find out more about the frequently asked questions on Gold Custody Service.