In order to protect the integrity and copyright, digital watermarking embeded secret message into the digital multi- media, which is not easy to detect the embedded watermarking, but determine the distinction using of information redundancy and randomness of digital multimedia. According to the characteristics of digital watermarking, the singular value decomposition (SVD) and discrete wavelet transform (DWT) algorithm are combined using the characteristics of SVD of image matrix and the features of multi-resolution of DWT. Therefore, a new digital watermarking algorithm of SVD is proposed in this paper. The singular values of each band of watermarking image are embedded into the coefficients of corresponding to the singular value of original image low-frequency band. The experimental results showed that the algorithm of the watermarking embedding and extraction had good robustness and effectiveness. The watermarking was robust and transparent.