Gold storage · Singapore · PlannedEN
Buy physical gold, own the bars, keep them in Singapore.
Krysos is setting up a service that sells investment gold and stores it for you in an allocated vault in Singapore. The bars you buy are yours, listed by serial number in your name. They are never lent, never pledged, and never counted as backing for any token unless you choose to convert them.
Not open yet
Krysos does not sell or store gold today, and takes no orders, deposits or payments for this service. It opens only after the Singapore company that runs it is registered as a precious-metals dealer and its vault, insurance and custody agreements are signed. Anyone offering you Krysos gold storage today is not Krysos.
How it is designed to work
These steps describe the planned service. Fees, minimums and the opening date will be published on this page before it opens, and not before.
Open an account
Identity checks, source-of-funds checks and sanctions screening for every customer, as Singapore's rules for precious-metals dealers require.
Buy
Choose how you hold your gold, see the price before you pay, and pay by bank transfer.
Bars allocated to you
Specific bars move from the company's stock into your account, and title passes to you. Your invoice and bar list show each bar's refiner, serial number, weight and fineness.
Stored in Singapore
The bars sit with an independent vault operator, insured and counted by an independent inspector. Your ownership record is published daily.
Sell, take delivery, or convert
Sell your bars back at the published bid price, withdraw them in Singapore or have them delivered, or, once XAUMD launches, convert them into XAUMD tokens.
Two ways to hold
Both are allocated: you own identified bars, not a claim on the company.
Pooled allocated
A share of identified bars held together with other customers, with a small minimum, so you can buy by weight rather than by the bar. The lower storage fee of the two.
Segregated kilobars
Whole 1 kg bars, each recorded in your name alone. For larger holdings. The higher storage fee of the two.
Fees are not set. They will be published here, with the buy and sell-back spreads and the delivery charges, before the service opens.
What the terms are to promise
Your bars are yours
The company and the vault hold your bars as custodians. They are not the company's assets, and the company's creditors have no claim on them.
Never lent or pledged
Bars are never lent, leased, pledged, used as collateral or used in derivatives. Gold that has been lent is no longer allocated: its owner is left with a claim on the borrower.
Never anyone else's reserve
Stored bars back nothing but their owner's account. They are never counted toward any token's reserve, buffer or yield product.
A direct line to the vault
A three-party agreement lets you instruct the vault directly if the Krysos company fails.
Insured in your name
A specie insurance policy for stored gold names customers as loss payees, with transit cover for deliveries. The vault operator's own cover is not relied on.
Counted, not only reported
Bar-by-bar counts by an independent inspector twice a year, and at least one unannounced. Each bar serial appears on exactly one list.
From bars to tokens, only if you choose
The specification keeps gold in separate pools, and each bar sits in exactly one. Your stored gold becomes token backing only when you convert it.
Your storage
Your bars, in your name. They back nothing but your account.
- You convert bars to XAUMD
XAUMD trust
Bars held by an independent trustee for all XAUMD holders, one XAUMD to a gram of fine gold.
- You sell XAUMD for USDMD
USDMD reserve
XAUMD tokens, a short gold hedge and Krysos capital. It backs USDMD.
Converting stored bars into XAUMD exchanges your specific bars for a share of the trust's bars. Selling XAUMD for USDMD is a sale of gold for a dollar claim: USDMD does not give you access to your old bars. XAUMD is planned for Phase 2, and this layered design is the specification's recommendation, not yet a decision.
Who runs it, and where
A Singapore company, bars only
A Krysos company in Singapore, now being set up, is to buy, sell, store and deliver bars. It never issues, sells or redeems tokens; the token issuers are separate companies outside Singapore.
An independent vault
Singapore is a kilobar market, open in Asian hours, and investment gold is exempt from GST there. The vault operator is to be chosen by tender, and it will not be owned by the Krysos group.
Bars from the LBMA list
Only bars from refiners on the current LBMA Good Delivery list, delivered direct by an approved carrier with a certificate of analysis.
Before it opens
Each of these comes first. None is done yet.
- Registration as a regulated dealer under Singapore's Precious Stones and Precious Metals (Prevention of Money Laundering) Act, with a compliance officerNot yet
- A spot commodity broker licence under the Commodity Trading Act, or an exemptionNot yet
- A vault contract that includes a three-party control agreementNot yet
- Specie insurance for stored gold, with customers as loss payeesNot yet
- Published terms, fees and minimums, and a written wind-down planNot yet
Nothing on these pages is an offer, a solicitation or a recommendation to buy, sell or hold any asset, in any jurisdiction. No MIDS has been minted, test USDMD has no value, and XAUMD does not exist yet.