{"license":"CC-BY-4.0","licenseUrl":"https://creativecommons.org/licenses/by/4.0/","attribution":"ChainChoice (https://chainchoice.io)","category":"tokenised_commodities","evidenceReadAt":"2026-11-10","generatedAt":"2026-11-12","criteria":[{"id":"vault_and_verifier","label":"Who holds the metal, and who actually looked at it","weight":30},{"id":"proof_reachability","label":"Whether you can open the latest reserve report right now","weight":22},{"id":"redemption_floor","label":"The smallest amount an ordinary holder can turn back into metal","weight":26},{"id":"all_in_cost","label":"What a round trip really costs, fees plus spread","weight":22}],"providers":{"pax_gold":{"vault_and_verifier":{"s":8,"q":"In our opinion, Management's Assertion is fairly stated, in all material respects. | Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.","u":"https://framerusercontent.com/assets/uwWybrLRlgkC4vexP3yLyrQVeV0.pdf","d":"2026-11-10"},"proof_reachability":{"s":8,"q":"Attestation reports posted on or after February 28, 2025 are issued by KPMG LLP, an independent third-party accounting firm. KPMG LLP's examination is conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (AICPA).","u":"https://www.paxos.com/transparency/paxg","d":"2026-11-10"},"redemption_floor":{"s":3,"q":"You must redeem a minimum of 430 PAXG tokens plus the fee set forth in the Paxos User Guide, per London Good Delivery gold bar.","u":"https://www.paxos.com/terms-and-conditions/pax-gold-terms-conditions","d":"2026-11-10"},"all_in_cost":{"s":7,"q":"Paxos may charge storage fees to all token holders by issuing to Paxos new PAXG tokens, thereby diluting the value of existing PAXG tokens. | The full methodology and exact timing of the storage fee will be disseminated at least thirty (30) days prior to the implementation of such storage fees.","u":"https://www.paxos.com/terms-and-conditions/pax-gold-terms-conditions","d":"2026-11-10"}},"tether_gold":{"vault_and_verifier":{"s":4,"q":"means the custodian(s) of the Gold Reserves; | the Custodian is a related party to Tether Gold. There is a risk that the proximity of the counterparties in related-party transactions may compromise the objectivity and impartiality of decisions relating to the terms of those transactions.","u":"https://gold.tether.to/assets/index-3PNB609l.js","d":"2026-11-10"},"proof_reachability":{"s":8,"q":"In our opinion, the TGRR as prepared by the Sole Director as of 30 September 2026, is, in all material respects, fairly presented in accordance with the criteria | ASSURANCE REPORT ACCORDING TO ISAE 3000R ON THE TETHER GOLD - RESERVES REPORT","u":"https://gold.tether.to/docs/reports/attestations/ISAE_3000R_-_Opinion_TGRR_30.09.2026_RC187322026DV0235.pdf","d":"2026-11-10"},"redemption_floor":{"s":2,"q":"Redemption of Gold Tokens for underlying gold can be effecutated in increments of 430 tokens. | take physical delivery of the bullion bar(s) within Switzerland","u":"https://gold.tether.to/assets/index-3PNB609l.js","d":"2026-11-10"},"all_in_cost":{"s":7,"q":"Minimum purchase amount is 50 Gold Tokens. The price of Gold Tokens will be based upon the market price of gold, subject to market brokerage fee or dealer mark-up, quoted from time to time by Tether Gold. | Tether Gold does not collect a fee for transfers or secondary on-chain transactions.","u":"https://gold.tether.to/assets/index-3PNB609l.js","d":"2026-11-10"}},"kinesis_gold":{"vault_and_verifier":{"s":7,"q":"Kinesis guarantees the highest-grade security of your precious metals, through world-renowned vaulting partners, Loomis Zurich and Brinks. | to conduct regular, independent, physical audits of all bullion underpinning Kinesis gold and silver-based digital currencies.","u":"https://kinesis.money/trust-security/","d":"2026-11-10"},"proof_reachability":{"s":6,"q":"All gold and silver is independently audited twice a year | The results of all of our audits are publicly available","u":"https://kinesis.money/trust-security/","d":"2026-11-10"},"redemption_floor":{"s":9,"q":"Kinesis enables users to redeem as little as 100 grams of gold or 200 ounces of silver, with a fee of 0.45% + $100 USD + delivery costs. | We'll securely deliver your gold and silver bullion straight to your door, anywhere in the world, any time you want.","u":"https://kinesis.money/trust-security/","d":"2026-11-10"},"all_in_cost":{"s":7,"q":"Store your gold (KAU) and silver (KAG) on an allocated basis with Kinesis: 0% fee | Buy or sell gold (KAU) and silver (KAG) bullion at the quoted market price, via the Kinesis dashboard or the Kinesis Exchange: 0.22% fee","u":"https://kinesis.money/about-us/fees/","d":"2026-11-10"}},"matrixdock_gold":{"vault_and_verifier":{"s":10,"q":"Custodian : Brinks Hong Kong / Malca-Amit SG/ Brinks Singapore | purpose of carrying out a 100% audit of an inventory comprising of the above-mentioned Gold and Silver Bars.","u":"https://docs.matrixdock.com/english/assets/Matrixdock%20Gold%20Bureau%20Veritas%20Audit%20Jul%202026.pdf","d":"2026-11-10"},"proof_reachability":{"s":7,"q":"Matrixdock Gold Bureau Veritas Audit Jul 2026.pdf | Matrixdock Gold Bureau Veritas Audit Jan 2026.pdf | Matrixdock Gold Bureau Veritas Audit Jul 2025.pdf | Matrixdock Gold Bureau Veritas Audit Jan 2025.pdf","u":"https://docs.matrixdock.com/english/gold-token-xaum/physical-gold-vault-audit.md","d":"2026-11-10"},"redemption_floor":{"s":6,"q":"Redeeming XAUm for physical LBMA gold is at a minimum of 32.148 XAUm, equivalent to a 1kg gold bar. It can be collected via customer pickup or secured delivery. | for physical redemption, with preference for location and collection method.","u":"https://docs.matrixdock.com/english/gold-token-xaum/minting-and-redeeming.md","d":"2026-11-10"},"all_in_cost":{"s":6,"q":"There is no management fee for XAUm in both ERC-20/BEP-20 and NFT forms. Mint fee is waived before XAUm TVL reaches $100M. A redemption fee of 0.25% is applicable. | Mint Price $ 4,112.16 | Redeem Price $ 4,081.22","u":"https://www.matrixdock.com/xaum","d":"2026-11-10"}},"comtech_gold":{"vault_and_verifier":{"s":2,"q":"For ComTech FZCO | This is to confirm that the Gold Stock as on 21st March 2025 with ComTech FZCO is the total of 111 x 1 kgs of gold bars.","u":"https://cgold.ae/assets/pdf/Audit_file_21032025.pdf","d":"2026-11-10"},"proof_reachability":{"s":1,"q":"Quarterly audits by Custodian based in UAE | On-demand verification for an onboarded entity. | Subject to Service fees applicable and prior appointment is required. | Mar 21, 2025","u":"https://cgold.ae/static/js/main.76bb95c1.js","d":"2026-11-10"},"redemption_floor":{"s":5,"q":"You may instruct the Digitization Entity to convert Digital Gold to physical gold from the Gold Reserves of a minimum quantity of one kilogram and in further denominations of one kilogram each","u":"https://cgold.ae/assets/pdf/Terms_and_Conditions.pdf","d":"2026-11-10"},"all_in_cost":{"s":4,"q":"ComTech Gold (CGO) Fee Structure. | The custody shall be without charge for the first 24 months, and thereafter, will continue to be stored by ComTech Gold for a nominal fee to cover storage costs.","u":"https://cgold.ae/static/js/main.76bb95c1.js","d":"2026-11-10"}},"vnx_gold":{"vault_and_verifier":{"s":4,"q":"We are the independent auditor of the Entity | the effective amount of brutto grams of gold in custody following the statement of the professional sub-custodian Philoro is 13'100.00 brutto grams of gold | our procedures did not include the observation of gold held by these custodian(s) and did not…","u":"https://web.archive.org/web/20260706120108/https://vnx.li/wp-content/uploads/2026/03/VNX_Examination_on_Management_Assertions_VNXAU_31_12_2025_signiert.pdf","d":"2026-11-10"},"proof_reachability":{"s":3,"q":"AGREED-UPON PROCEDURES REPORT REGARDING \"GOLD RESERVE REPORT ON VNXAU-GOLD TOKENS\" AS PER DECEMBER 31, 2025 AT 23:59:59 | Accordingly, we do not express an opinion or an assurance conclusion.","u":"https://web.archive.org/web/20260706120108/https://vnx.li/wp-content/uploads/2026/03/VNX_Examination_on_Management_Assertions_VNXAU_31_12_2025_signiert.pdf","d":"2026-11-10"},"redemption_floor":{"s":2,"q":"VNXAU is gold itself — onchain, allocated, and redeemable. | Redeem to fiat anytime, no physical handling","u":"https://vnx.io/precious-metals-access","d":"2026-11-10"},"all_in_cost":{"s":3,"q":"Conversion fee is equal to 2% of the transaction value. | the digital assets withdrawal fee in the amount of the blockchain native fee charged by the network for the transaction multiplied by two | 6. EXCHANGE SERVICE (PROPRIETARY TRADING) OF VNX STABLECOINS, THE FRT AND THE COMMODITY TOKEN","u":"https://prod-global-terms.s3.sa-east-1.amazonaws.com/VNX-Global-Terms.pdf","d":"2026-11-10"}},"aabb_gold_token":{"vault_and_verifier":{"s":0,"q":"Unlike other gold-backed cryptos, AABB holds physical gold assets that back the AABBG token 100% from the mining production segment of its holding company.","u":"https://asiabroadbandinc.com/digital-assets/","d":"2026-11-10"},"proof_reachability":{"s":0,"q":"This ensures that each token is backed by real, auditable silver held in AABB’s custody.","u":"https://asiabroadbandinc.com/digital-assets/","d":"2026-11-10"},"redemption_floor":{"s":0,"q":"AABBG Tokens do not come with any guarantee of liquidity, redemption, repurchase, buy-back availability, or resale value. | The existence of a fee description does not create any obligation by the Company to offer, maintain, or complete any sale-back, buyback, redemption, conversion, withdrawal, or…","u":"https://asiabroadbandinc.com/wp-content/uploads/2026/07/AB_WALLET_TOU_2023.pdf","d":"2026-11-10"},"all_in_cost":{"s":1,"q":"When buying AABBG the fee structure is as follows: | SPOT GOLD PRICE + 2% FEE | SPOT GOLD PRICE - 3% OF SPOT + 2% FEE","u":"https://asiabroadbandinc.com/wp-content/uploads/2026/07/AB_WALLET_TOU_2023.pdf","d":"2026-11-10"}}}}