The VaultChain™ Platform is an electronic market and private blockchain technology solution that connects individual investors and enable them to trade, settle and manage ownership of precious metals, beginning with VaultChain™ Gold.
VaultChain™ Gold (Silver) is investment grade physical gold (silver) stored with Royal Canadian Mint, and is not a security, derivative, future or other financial contract.
VaultChain™ Gold (Silver) account investor transactions are managed and stored using secure VaultChain™ blockchain database. Blockchain storage means a distributed ledger is maintained and duplicated in many unrelated databases.
The VaultChain™ platform is private, permission based and cryptographically secure blockchain ecosystem limited to bullion dealers, regulated broker dealers and institutions, which is moderated by legal and operating agreements.
The Royal Canadian Mint is the single point of deposit and withdrawal, and VaultChain™ Gold (Silver) balances are reconciled with physical gold inventories on a daily basis.
The VaultChain™ blockchain creates a permanent, unalterable record of transactions and account balances using cryptography, meaning the records are tamper-proof through time.
Transactions must be digitally signed by platform participants to prove their authenticity, including ownership of the physical gold that underlies the platform, which must be verified in digital form by the Royal Canadian Mint.
The VaultChain™ blockchain database creates a direct connection between investors/owners and their physical gold positions stored with Royal Canadian Mint, a sovereign corporation of the Government of Canada. It allows owners to independently verify their positions and to instruct physical delivery.
No. VaultChain™ leverages elements of the same technology underpinning Bitcoin and other decentralized cryptocurrencies, however the VaultChain™ Platform is a private and permission based system limited to bullion dealers, regulated broker dealers and institutions. It enables digitization of physical precious metals.
Yes. The VaultChain™ Platform is designed to seamlessly integrate with existing accounting and reporting systems. VaultChain™ Gold (Silver) is traded in generic and fungible fine ounces, and is registered with a CUSIP.
Brokers, dealers, and banks that wish to offer VaultChain™ Gold (Silver) accounts to their customers can integrate with Tradewind via standard technology.
Individuals are subject to the typical Know Your Customer regulations as with any investment account and must undergo a KYC/AML process with their chosen dealer.
Account records on the blockchain can be pseudonymous and dealers are not required to include personally identifiable information.
Each unit of an ETF represents ownership in a fund or trust that in turn holds physical gold with a bank or other depository. The fund or trust charges owners an annual fee to cover management, storage, marketing and administrative costs. ETF owners do not directly own the underlying physical gold assets held by the fund/trust and in most circumstances cannot take physical delivery of those assets.
VaultChain™ Gold (Silver) is physical gold owned directly via a blockchain database; there is no intermediary trust or fund, or any associated management and administrative fees, and it is deliverable in full.*
Together with the authorized liquidity providers and dealers, the Royal Canadian Mint recognizes the VaultChain™ blockchain as the authoritative record of title for ownership.
The Royal Canadian Mint contractually guarantees the option for physical delivery of the gold underlying the program to the network of authorized liquidity providers and dealers.*
*According to available product lists that may include fabrication, shipping and handling fees.