{"_id":"66fbe3b2380f2ff928caafbd","name":"Gold fGLD","excerpt":"Invest in tokenized gold with finest, offering a secure and regulated way to own gold without physical storage requirements.","description":"The finest Commodity Gold Token represents a new, regulated way to invest in physical gold. Each token represents fractional ownership of gold stored in LBMA-certified vaults. Tokens are backed by the Markets in Crypto-Assets Regulation (MiCA) and the Federal Financial Supervisory Authority (BaFin) guidelines, ensuring security and compliance. Investors can purchase tokens through the finest platform and redeem them for physical gold or trade them on approved platforms, benefiting from secure custody, low fees, and a transparent gold investment process.","extendedDescription":"**1. Gold Tokenization:**\n- **Gold Purchase and Storage:**\n    - Finest Investments GmbH purchases gold from LBMA-certified dealers and stores it in LBMA-certified vaults, such as pro aurum GmbH in Munich. Physical gold is allocated to each token and undergoes regular audits to ensure it meets quantity and quality standards.\n- **Tokenization Process:**\n    - Gold is tokenized on the Cardano blockchain, with each token representing a fractional ownership of physical gold. This process uses Cardano Native Tokens to ensure transparency, security, and traceability of ownership.\n- **NMKR**, the minting service provider, mints these tokens, ensuring compliance with MiCA and other relevant regulations.\n\n**2. Token Sale and Ownership Transfer:**\n- **Initial Token Offering:**\n    - Tokens are available for purchase on the **finest** platform. Investors can purchase tokens to gain exposure to the gold market without having to manage or physically store gold.\n    - Both institutional and private investors can participate in the token offering in a secure and regulated environment.\n- **Ownership Transfer:**\n    - After purchasing tokens, investors receive digital certificates representing their ownership of allocated gold. These certificates are legally recognized and enforceable under MiCA and BaFin regulations.\n    - Ownership is securely recorded on the blockchain, ensuring transparency and preventing unauthorized modifications.\n\n**3. Gold Redemption and Trading:**\n- **Redemption Rights:**\n    - Token holders have the right to redeem their tokens for physical gold, provided they meet the minimum requirement of owning at least 1 GoldToken (1 gram of gold). Redemption is managed through the finest platform, with physical gold delivered from LBMA-certified vaults such as pro aurum GmbH.\n    - Investors can also choose to trade tokens on secondary markets compliant with MiCA and BaFin guidelines.\n- **Trading on Approved Platforms:**\n    - Tokens can be freely traded between wallets or on approved platforms that meet regulatory standards, providing liquidity and flexibility to investors.\n\n**4. Compliance and Security Measures:**\n- **Regulatory Compliance:**\n    - The finest Commodity Gold Token is structured to avoid classification as a security. It meets all regulatory requirements under MiCA, BaFin, and AML/KYC guidelines, ensuring it is a compliant commodity token.\n- **Asset Security:**\n    - Gold is securely stored in LBMA-certified vaults, with regular audits to confirm the physical backing of tokens. Insurance coverage is provided for loss or damage risks.\n    - The token minting process includes rigorous KYC/AML checks, and all transactions are monitored for compliance with relevant regulations.\n\n**5. Profit Distribution and Fees:**\n- **Revenue and Fees:**\n    - Revenue is generated through storage fees, transaction fees for token purchase/sale, and redemption fees for physical gold delivery. The gold purchase price includes a premium of 9 EUR per gram.\n    - Fees are competitive and aligned with market standards, ensuring cost-effective investment options for investors.\n\n**6. Legal Framework:**\n- The gold token is regulated by the Markets in Crypto-Assets Regulation (MiCA), German Civil Code (BGB), and German Banking Act (KWG), ensuring it is not classified as a security and all regulatory requirements are met.","legalDescription":"The finest Commodity Gold Token is a commodity token under the MiCA regulation, backed by physical gold stored in LBMA-certified vaults. It provides fractional ownership of gold without classifying it as a security. The token meets all compliance requirements under MiCA, BaFin, AML, and KYC guidelines, ensuring a legally secure investment process.\n\n### Regulatory Framework:\n- **MiCA Compliance:** The token adheres to the Markets in Crypto-Assets Regulation (MiCA) to ensure it is not classified as a security.\n- **BaFin Guidelines:** It meets the guidelines of the Federal Financial Supervisory Authority (BaFin), ensuring proper management, storage, and redemption rights.\n\n### Custody and Verification:\n- Gold is stored in LBMA-certified vaults, such as **pro aurum GmbH** in Munich. Regular audits ensure proper management and security of the gold.\n- **NMKR as Minting Service Provider:** NMKR mints the tokens on the Cardano blockchain, ensuring a secure and transparent process.\n\n### Storage and Insurance:\n- Gold is stored in LBMA-certified vaults, and insurance coverage is provided for loss or damage risks.","category":{"name":"Materials","value":"materials","_id":"671975f72419ce2118c54046"},"logo":"https://c-ipfs-gw.nmkr.io/ipfs/QmSuDWfvZwBa3RzM8YotV7N32QcyY4GHnqBAT9E3mQTfhX","featuredImage":"https://c-ipfs-gw.nmkr.io/ipfs/Qma2K68BVLJJKjhqmRAJGrKAAVHfFGH3GzkwoSrdSDhsQy","status":"available","mintingBlockchain":"Cardano","media":["https://c-ipfs-gw.nmkr.io/ipfs/QmX96zAzfNNQCS8zN4e3p5JcC7gaR7fXi3idPGchjJQnKk","https://c-ipfs-gw.nmkr.io/ipfs/QmbbSgMWEKf8YtLesDUrWsGCtyZTCgB2xN5Nd8ENgKhzWx"],"createdAt":"2024-10-01T14:00:00.374Z","updatedAt":"2026-09-24T08:25:16.881Z","attachedDocs":[{"url":"https://finest.investments/gld-information-en","name":"Information & Terms and Conditions EN","format":"pdf","acceptanceCheckout":true},{"url":"https://finest.investments/gld-information-de","name":"Information & Terms and Conditions DE","format":"pdf","acceptanceCheckout":false},{"url":"https://cdn.prod.website-files.com/65e9f9afacfbac085f7e0195/66ffaaaf5dd51a49c1087bb7_Balance%20Confirmation.pdf","name":"Balance Confirmation","format":"pdf","acceptanceCheckout":false},{"url":"https://finest.investments/gld-compliance-checklist-de","name":"Compliance Checklist DE","format":"pdf","acceptanceCheckout":false},{"url":"https://finest.investments/gld-compliance-checklist-en","name":"Compliance Checklist EN","format":"pdf","acceptanceCheckout":false}],"decentralStorage":{"identifier":"","contractAddress":"0x15916FdB944c9e93A08988e96214E638cc8214fb","ownerWalletAddress":"0x278823Ae1ea7Ae77B6C22d0Ede7416A3200fFe12","blockchain":"Polygon","cardanoReceivingAddress":"addr1q9z8hmyp8wwmzyprf0l4m95rj7kdd5r7k5hf0xs3xf038xpwpfqxkyzmxfkz3jqpvynux9autnyy4vfg8q8pvexrkspsrg6cz2"},"terms":{"term":"2024-08-15T00:00:00.000Z","distribution":"Custom","investmentFrom":{"value":84.3,"currency":"USD"},"formOfInvestment":"Commodity Token","intermediary":"Regulated Trading Platform","transactionCost":{"value":10,"unitMeasure":"%"},"isin":"US6543219870"},"kpi":[{"title":"Basic Information","data":[{"label":"Commodity Type","value":"LBMA-Certified Gold"}]},{"title":"Service Providers","data":[{"label":"Token Issuer","value":"finest Investments GmbH"},{"label":"Physical Validator","value":"Not applicable"},{"label":"Gold Storage","value":"pro aurum GmbH (LBMA-certified vaults)"},{"label":"Technology Minting Service Provider","value":"NMKR"},{"label":"Sales Partner","value":"finest Platform"},{"label":"Regulatory Framework","value":"MiCA, BaFin"},{"label":"Terms of Service","value":"Agreement between finest Investments GmbH and token holders for gold storage and redemption"}]},{"title":"Addresses","data":[{"label":"Finest Investments GmbH","value":"Luegallee 12, 40545 Düsseldorf, Germany"},{"label":"NMKR","value":"utxo AG, Döttingerstrasse 21, 5303 Würenlingen, Switzerland"},{"label":"pro aurum GmbH","value":"Joseph-Wild-Straße 12, 81829 Munich, Germany"}]}],"token":{"name":"Gold - fGLD","ticker":"fGLD","price":{"value":137510000,"currency":"bigint","purchaseFeePerMille":10,"USDEUR":1.1389808185,"USDEURUpdatedAt":"2026-09-24T08:25:16.799Z"},"unit":"ee8e065fe8d4f77d1f454709a535f284e902365ac0a1ff08ad19f9e866474c44","policy":"ee8e065fe8d4f77d1f454709a535f284e902365ac0a1ff08ad19f9e8","totalSupply":1800,"mintedAmount":930,"mintingBlockchain":"Cardano","representation":"1 gr.","cardanoClaimAddress":"addr1v8fp650f38anhukec8cvpzcfgerlt8resdqws7vx2jt3wvqk55a2z","tokensClaimable":true,"singleTokenValueUsdc":112.46,"pricePerTroyOunce":4277160000,"priceUnitGrams":1},"nmkrUid":"21324d7e-510b-4c18-bf1f-5587103d4f0a","nmkrProjectUid":"09c7700c-5be6-4c72-9a47-608776bb8936","graphData":{"unitPerValue":"1 g./"},"releaseDate":"2024-10-10T08:13:34.400Z","inactive":false,"marketClosed":false,"sellEmail":{"active":true,"recipient":"trading@proaurum.de","cc":["Sandrine.Schoenberger@proaurum.de","matteo.coppola@finest.investments"]},"business":{"name":"FI finest Investments GmbH","address":{"street":"Luegallee","houseNumber":"12","zipCode":"40545","city":"Düsseldorf","country":"Germany"},"phone":"NA","email":"info@finest.investments","website":"https://finest.investments/","logoUrl":"https://app.finest.investments/logo/finest-logo.svg","_id":"688634a3d3ffbd86569beccc","bankName":"Deutsche Bank AG","bic":"DEUTDEDDXXX","commercialRegister":"HRB 104198","iban":"DE68300700100127144400","vatId":"DE368580709"},"taxInfo":{"code":"§25c UStG","vatPercentage":0,"textDe":"Steuerbefreit gem. §25c UStG (Anlagegold)","textEn":"VAT exempt pursuant to §25c UStG (investment gold)"},"transportMode":"Kundendepot / Customer warehouse"}