Singapore has opened a central-bank gold custody service for foreign central
banks and official institutions to meet rising demand for diversified reserve
storage. The MAS said gold will be held in the national monetary vault, which
currently has capacity of 500 tonnes and can be expanded as needed. The MAS
chair and Singapore deputy prime minister said the move is not intended to
replace other gold centres; central banks are seeking alternative custodial
options to strengthen reserve resilience. MAS will offer custody accounts to
selected precious-metals banks with operations and relevant expertise in
Singapore.
