TXDC Tokenization Engine

Gold Tokenization By Region

Comprehensive regulatory requirements, licenses, legal counsel, and step-by-step instructions for tokenizing gold-backed assets in every major jurisdiction.

Version 1.0 May 2026 Confidential

Start here: Read the Gold Issuer Onboarding Guide first for the technical process. This page covers the legal and regulatory requirements by region.

Why Tokenize Gold

Physical gold is the oldest store of value. Tokenization makes it programmable, tradeable 24/7, and accessible at any size — without losing the underlying asset guarantees.

Advantage	Detail
24/7 Global Trading	Physical gold markets close. LBMA fixes twice daily. Tokenized gold trades around the clock on a non-custodial DEX with instant settlement (T+0 vs T+2 for paper gold).
Fractional Ownership	Buy $10 of gold, not a 400 oz bar. Opens the market to retail investors who were previously priced out. Each token is divisible to 6 decimal places.
Reduced Custody Costs	Trading tokenized gold doesn't require physical transport, re-assay, or vault transfers. The gold stays in the vault; the token moves on-chain. Custody costs drop by 60-80% vs traditional allocated gold.
Transparent Reserves	On-chain attestation publishes reserve proof. Anyone can verify backing in real time — not quarterly, not on request, but continuously. The attestor address is registered in the token's on-chain RuleBody.
Programmable Compliance	Transfer restrictions, jurisdiction gating, investor class limits, and freeze authority are baked into the token at the protocol level. Compliance is deterministic, not advisory.
Collateralization	Tokenized gold can serve as on-chain collateral for lending, credit facilities, and cross-asset positions. Gold holders unlock liquidity without selling their position. The token is the collateral — no intermediary, no paperwork, no settlement delays.

Issuer Revenue Model

Revenue Stream	Typical Range	Notes
Mint / Redeem Fee	0.5% – 2.0%	Charged when tokens are created (gold deposited) or redeemed (gold withdrawn). Primary revenue for low-volume issuers.
DEX Trading Fee	0.1% – 0.5% per trade	Collected via x/authz whitelist authority on every secondary market trade. Scales with trading volume. This is the long-term revenue engine.
Custody Spread	0.15% – 0.40% annually	Difference between vault custody cost and what the issuer charges token holders. Recurring passive revenue.
Collateral Facilitation	Varies	Fee for enabling gold tokens as collateral in lending protocols or credit facilities. New revenue stream unique to tokenized assets.

Key insight: The x/authz whitelist authority means the issuer earns on every secondary market trade without operating the exchange. TXDC Protocol controls the compliance gating; the DEX handles the matching. Revenue scales with trading volume, not issuer effort.

Jurisdictions Covered

United States
European Union (MiCA)
UAE / Dubai (VARA)
Singapore (MAS)
United Kingdom (FCA)
Switzerland (FINMA)
Hong Kong (SFC)
Cayman Islands (CIMA)
Australia (ASIC)
Canada (CSA)
Japan (FSA)

Universal Requirements (All Jurisdictions)

Regardless of where you operate, every gold token issuer must satisfy these baseline requirements before tokenization.

Physical Gold Custody	Gold must be held in an LBMA-accredited vault (London, Zurich, Singapore, Dubai, New York) or equivalent recognized depository. Vault must provide independent attestation of holdings.
Reserve Attestation	Third-party audit of reserves at minimum quarterly. Must be published or available on demand. On TXDC Protocol, the attestor address is registered on-chain in the token's RuleBody NFT.
AML/KYC Program	Documented Anti-Money Laundering program with Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) for high-risk clients, Suspicious Activity Reporting (SAR), and transaction monitoring.
Legal Opinion	Jurisdiction-specific legal opinion confirming: (a) the token is not a security; (b) the issuer has authority to issue; (c) the token structure is compliant with local law. Required in every jurisdiction you operate in.
Insurance	Vault insurance covering theft, damage, and loss. Cyber insurance for the tokenization platform. Directors & Officers (D&O) coverage for issuer management.
Redemption Mechanism	Clear, documented process for token holders to redeem tokens for physical gold or cash equivalent. Redemption terms, fees, and timelines must be disclosed upfront.

The US has the strongest legal basis for gold tokenization as of 2026, thanks to the SEC-CFTC Joint Interpretation. Gold-backed tokens that are fully backed and redeemable are explicitly not securities.

Primary Legal Basis

SEC-CFTC Joint Interpretation	BINDING Release 33-11412, March 17, 2026. 5-category token taxonomy. Commodity-backed tokens fully backed + redeemable = NOT securities. This is the foundation.
CLARITY Act (H.R. 3633)	PENDING Passed House July 2025. Senate markup May 14, 2026. Would codify "digital commodity" under CFTC. Not law yet, but signals direction.
GENIUS Act	LAW July 18, 2025. Stablecoins only — does NOT cover commodity tokens. But establishes regulatory precedent for asset-backed digital tokens.

Licenses Required

FinCEN MSB Registration: Money Services Business registration required under FIN-2019-G001. 180-day compliance window from start of operations. File via BSA E-Filing System (FinCEN Form 107).
State Money Transmitter Licenses: Required in most states. Apply through NMLS Portal. Each state has separate requirements. Consider 47-state coverage or target states initially.
CFTC Registration (if derivatives): If the token is used in derivatives/futures, registration as a Commodity Pool Operator or Commodity Trading Advisor may be required. For spot commodity tokens, generally not required.
State Blue Sky Laws: Even non-security tokens may trigger state-level notice filings. TXDC Protocol enforces US state-level jurisdiction gating (US-NY, US-HI etc.) at the protocol level.
New York BitLicense: Separate from MTL. Required for any virtual currency business activity involving NY residents. Apply via NYDFS Portal through NMLS. 12-18 month process.
California DFAL: Digital Financial Assets Law effective July 1, 2026. New state-level licensing for digital asset activities. Apply via DFPI Portal through NMLS.

Key Compliance Steps

Obtain legal opinion from qualified counsel confirming non-security classification under SEC-CFTC Joint Interpretation
Register as MSB with FinCEN (can operate during 180-day window)
Begin state money transmitter license applications via NMLS (prioritize target states)
Establish BSA/AML compliance program with designated BSA officer
Engage LBMA-accredited vault for gold custody (Brink's, Loomis, or equivalent)
Engage independent attestor for quarterly reserve verification
Configure TXDC Protocol token with jurisdiction allow-list matching licensed states
Complete testnet → devnet → mainnet issuance cycle with legal sign-off at each gate

Recommended Legal Counsel

Latham & Watkins

Global Digital Assets & Web3 practice. Led landmark commodity token structuring. US Crypto Policy Tracker. Top-tier for institutional token issuance.

Davis Polk & Wardwell

Deep SEC/CFTC regulatory practice. Advised on first compliant commodity token offerings. Strong in financial regulatory opinions.

DLA Piper

Global blockchain and digital assets practice. Multi-jurisdictional coverage. Strong in cross-border commodity token structures.

Anderson Kill

Boutique with deep blockchain expertise. Cost-effective for startups. Strong in regulatory opinions and state MTL strategy.

Timeline & Cost Estimate

Legal Opinion	2-4 weeks \| $15K-$50K depending on firm
FinCEN MSB	2-4 weeks filing + 180-day window \| $2K-$5K
State MTLs (full)	6-18 months for 47 states \| $500K-$2M (consider MTL-as-a-service)
AML Program Setup	4-8 weeks \| $20K-$50K
TXDC Protocol Issuance	5-9 days (see onboarding guide)

Fast-track option: Partner with an existing licensed entity (e.g., BitGo Trust, Paxos, Coinbase Custody) for custody + compliance, then issue the token on TXDC Protocol. Reduces time-to-market from 12+ months to 2-3 months.

Gold-backed tokens fall under MiCA's Asset-Referenced Token (ART) category — the most stringent tier. Full NCA authorization required. No grandfathering after July 1, 2026.

MiCA Classification

Token Category	ART Asset-Referenced Token. References a commodity (gold). Most stringent MiCA tier.
Deadline	JULY 1, 2026 EU-wide transitional period ends. No operation without NCA authorization after this date.
Significant ART Threshold	If market cap exceeds €5B or transaction volume exceeds 10M/day, token is classified as "significant" with additional EBA oversight.

NCA Authorization Requirements

White Paper: Detailed crypto-asset white paper following MiCA Article 19 format. Must include risk factors, rights, redemption mechanism, reserve composition, governance.
Reserve Requirements: 100% reserves in highly liquid instruments. At least 30% as deposits at EU credit institutions (60% if classified as "significant").
Quarterly Audit: Independent audit of reserve assets every quarter. Published publicly.
EU Establishment: Issuer must be incorporated and have registered office in an EU member state.
Governance: Board of directors with fit-and-proper assessed members. Internal control functions. Complaint handling procedure.
Own Funds: Minimum €350,000 or 2% of average reserve assets (whichever higher).

Key Compliance Steps

Establish EU legal entity (consider Ireland, Luxembourg, or Lithuania for crypto-friendly NCA — Lithuania is actively issuing MiCA licences and passports to all 27 EU states)
Engage MiCA-specialized legal counsel for white paper preparation
Secure EU credit institution for reserve deposits (30%+ requirement)
Engage LBMA-accredited EU vault (London, Zurich accepted)
Prepare and file NCA authorization application with white paper
Implement governance framework (board, compliance officer, complaint handling)
Complete NCA review and approval process
Configure TXDC Protocol token with EU jurisdiction parameters

Recommended Legal Counsel

Norton Rose Fulbright

Published practical MiCA guide. Strong across multiple EU jurisdictions. Deep financial regulation expertise.

Bird & Bird

Leading EU fintech practice. Offices in 30+ countries. Strong in MiCA compliance and NCA applications.

Linklaters

Magic Circle firm with dedicated digital assets practice. Deep EU regulatory experience. Ideal for significant ART issuance.

Gofaizen & Sherle

Specialized commodity tokenization licensing. Cost-effective. Strong in Lithuania and Baltic NCA processes.

Best EU Jurisdictions for NCA Application

Lithuania (LBFSA)

Fastest NCA processing. Crypto-friendly regulator. Lower establishment costs. Strong fintech ecosystem.

Ireland (CBI)

English-speaking. EU financial services hub. Strong legal infrastructure. Higher costs but premium reputation.

Timeline & Cost Estimate

EU Entity Setup	4-8 weeks \| €10K-€30K
White Paper & Legal	6-12 weeks \| €50K-€150K
NCA Authorization	3-6 months review \| €20K-€50K (application fees vary by member state)
Reserve Setup	4-8 weeks \| Banking relationship dependent
Total	6-12 months \| €200K-€500K

The UAE was the first jurisdiction to legally separate RWA tokens from security tokens (June 2025). VARA in Dubai provides a clear, structured licensing path. Gold has deep cultural and market significance in the UAE, making it a natural fit.

Regulatory Framework

Regulator	VARA (Virtual Assets Regulatory Authority) — sole authority for VASPs in mainland Dubai.
Token Classification	ARVA Asset-Referenced Virtual Asset. Legal separation from securities since June 2025.
Free Zone Alternative	ADGM (Abu Dhabi) or DIFC (Dubai) offer separate regulatory frameworks with their own financial services regulators (FSRA / DFSA).

VARA License Requirements

Capital: AED 500,000 to AED 4,000,000 minimum depending on license category (approx. $136K-$1.1M USD).
UAE Presence: Must lease office space in Dubai. Physical presence required.
Responsible Individuals: Two full-time UAE-resident employees meeting VARA "Fit and Proper" criteria.
Insurance: Mandatory coverage for operational risks, cyber threats, and client asset losses.
Prohibited: Privacy tokens (Monero, Zcash) and algorithmic tokens explicitly banned.
AML/CFT: Full UAE AML compliance including Central Bank and Financial Intelligence Unit reporting.

Key Compliance Steps

Establish Dubai mainland company (LLC or equivalent)
Secure office lease in Dubai (VARA requirement)
Appoint two UAE-resident Responsible Individuals
Prepare VARA license application via VARA Licence Portal (choose Issuance category)
Engage DMCC-accredited gold vault (Dubai Multi Commodities Centre) or LBMA equivalent
Implement AML/CFT program compliant with UAE regulations
Submit application and complete VARA review
Configure TXDC Protocol token with UAE/GCC jurisdiction parameters

Recommended Legal Counsel

Al Tamimi & Company

Largest law firm in the Middle East. Dedicated fintech and digital assets practice. Deep VARA experience.

BSA Ahmad Bin Hezeem

Strong UAE regulatory practice. Experienced in VARA applications and ADGM/DIFC licensing.

Hadef & Partners

Leading UAE commercial law firm. Strong in fintech regulation and free zone structuring.

DLA Piper (Middle East)

International firm with strong Dubai presence. Cross-border expertise for multi-jurisdiction issuance.

Why Dubai for Gold

Natural advantage: Dubai is the world's largest gold trading hub. DMCC handles 25%+ of global gold trade. Gold souk culture + institutional infrastructure + clear regulation = fastest path to market for gold tokenization. Vault access, attestation infrastructure, and banking relationships are all locally available.

Timeline & Cost Estimate

Company Setup	2-4 weeks \| $15K-$30K
VARA Application	3-6 months \| $50K-$100K (legal + application fees)
Capital Requirement	$136K-$1.1M (held, not spent)
Office + Staff	Ongoing \| $60K-$120K/year
Total (to launch)	4-8 months \| $250K-$500K

Singapore's MAS provides a mature, well-defined framework. Gold tokens may require both Payment Services Act and Commodity Trading Act compliance, depending on structure.

Licenses Required

Major Payment Institution (MPI) License: Required under Payment Services Act if DPT transaction volume exceeds SGD 3M/month or if holding customer tokens in custody. Phase 1 requirements (capital, governance) take effect July 2026.
Commodity Trading Act License: May be required if the token constitutes spot commodity trading. Assess with legal counsel.
Capital Markets Services (CMS) License: Only if the token is classified as a capital markets product (unlikely for fully-backed commodity tokens).

Key Compliance Steps

Engage Singapore counsel for token classification assessment (DPT vs CMA vs securities)
Incorporate Singapore entity (Pte Ltd)
Apply for MPI license via MAS Licensing Portal
Assess Commodity Trading Act applicability and obtain license if required
Establish custody arrangement with MAS-licensed custodian
Implement AML/CFT program per MAS Notice PSN01 and PSN02
Complete MAS review (6-12 months typical)

Recommended Legal Counsel

WongPartnership

Top Singapore firm. Strong fintech and digital asset practice. Deep MAS regulatory experience.

Rajah & Tann

Largest Southeast Asian law firm. Dedicated crypto regulatory team. Strong in cross-border APAC structures.

Timeline & Cost Estimate

Entity Setup	2-4 weeks \| SGD 5K-15K
MPI License	6-12 months \| SGD 100K-300K (legal + compliance setup)
CTA Assessment	4-8 weeks \| SGD 20K-50K
Total	8-14 months \| SGD 200K-500K (~$150K-$375K USD)

The UK is in regulatory transition. New comprehensive digital asset regime takes effect October 2027. Until then, AML registration only. London remains a premier gold custody jurisdiction (LBMA headquarters).

Current Requirements (until October 2027)

FCA Crypto Registration: Mandatory AML/CTF registration for any crypto business operating in the UK. Apply via FCA Connect.
Financial Promotions: Strict rules on marketing crypto to UK retail consumers (June 2023 regime). Cooling-off periods. Risk warnings required.
No Specific Token Issuance License: Currently no comprehensive token issuance framework. AML-only until new regime.

Future Requirements (October 2027+)

Full regulatory framework expected to be similar in scope to MiCA
FCA authorization will be required for issuance, trading, and custody
Stablecoin and asset-backed token specific rules under consultation

Recommended Legal Counsel

Clifford Chance

Magic Circle. Dedicated fintech practice. Strong FCA regulatory experience. Ideal for London-based gold tokenization.

Simmons & Simmons

Strong fintech and digital assets practice. Practical, commercial approach. Good for mid-market issuers.

Timeline & Cost Estimate

FCA Crypto Registration	6-12 months (FCA backlog) \| £50K-£150K
Advantage	LBMA headquarters in London. Premium vault access. Strong gold market infrastructure.

Switzerland has the most mature crypto regulatory framework in Europe (outside MiCA). FINMA's token classification guidance (2019, updated 2024) provides clear rules. Zug ("Crypto Valley") has deep ecosystem support.

FINMA Token Classification

Asset Token: Gold-backed tokens typically classified as asset tokens (representing a claim on the underlying). May trigger prospectus requirements.
Sandbox: FINMA fintech sandbox allows operation with up to CHF 1M in public deposits without a banking license.
FinTech License: Accepts up to CHF 100M in public deposits. Less stringent than full banking license. Apply via FINMA EHP Platform.

Recommended Legal Counsel

MME Legal

The go-to Swiss crypto law firm. Advised on most major Swiss token offerings. Deep FINMA experience. Based in Zug and Zurich.

Lenz & Staehelin

Top-tier Swiss firm. Strong in financial regulation and capital markets. Ideal for institutional-grade token issuance.

Timeline & Cost Estimate

FINMA No-Action / Classification	4-8 weeks \| CHF 20K-50K
FinTech License (if needed)	3-6 months \| CHF 100K-300K
Advantage	Strong gold vaulting infrastructure (Zurich). Crypto-friendly banking (SEBA, Sygnum). Stable regulatory environment.

Hong Kong is actively developing its digital asset framework. The SFC has introduced licensing for virtual asset trading platforms and is expanding into tokenized assets. Strong gateway to mainland China and APAC markets.

Requirements

SFC VATP License: Required for operating a virtual asset trading platform. Apply via SFC WINGS Portal. Issued under the Anti-Money Laundering Ordinance.
Securities Classification: If the token represents a security, SFC Type 1 (dealing) and Type 9 (asset management) licenses required.
SFO Assessment: Engage counsel for Securities and Futures Ordinance assessment to determine if the gold token is a "securities" product under HK law.

Recommended Legal Counsel

King & Wood Mallesons

Largest APAC law firm. Strong SFC regulatory practice. Ideal for HK + Greater China market access.

Deacons

Leading HK independent firm. Dedicated fintech team. Practical approach to SFC compliance.

The Cayman Islands offer a well-established offshore framework for digital asset issuance. Popular for fund structures that hold tokenized assets. Not ideal as a standalone jurisdiction — best paired with onshore presence in a target market.

Requirements

VASP Registration: Required under the Virtual Asset (Service Providers) Act 2020. Register with CIMA via REEFS Portal.
Sandbox License: Available for innovative fintech products. 12-month initial period, renewable.
Fund Structure: Often used as the issuing entity for token offerings, with a Cayman exempted company or SPC (Segregated Portfolio Company) structure.

Recommended Legal Counsel

Walkers

Leading Cayman offshore firm. Deep digital assets practice. Strong in fund structures and CIMA regulatory work.

Carey Olsen

Major offshore firm. Strong in Cayman and BVI structures. Practical approach to digital asset regulation.

Australia has a mature financial services framework being extended to digital assets. ASIC's no-action position for unlicensed digital asset providers expires June 30, 2026 — apply before then. Perth Mint is the largest sovereign gold refiner, making Australia a natural fit for tokenized gold.

Licenses Required

AFS Licence: Australian Financial Services licence required for dealing in financial products that include digital assets. Apply via ASIC Regulatory Portal.
Digital Asset Facility: ASIC consultation on dedicated digital asset market licence regime underway. Expected finalization H2 2026.
AML/CTF Registration: Registration with AUSTRAC required for digital currency exchange services under the Anti-Money Laundering Act.

Key Compliance Steps

Engage Australian counsel for token classification (financial product vs commodity)
Incorporate Australian entity (Pty Ltd)
Apply for AFS licence before June 30, 2026 no-action expiry
Register with AUSTRAC for AML/CTF
Engage LBMA-accredited vault (Perth Mint or ABC Refinery)
Configure TXDC Protocol token with AU jurisdiction parameters

Timeline & Cost Estimate

Entity Setup	2-4 weeks \| AUD 5K-15K
AFS Licence	6-12 months \| AUD 100K-300K
AUSTRAC Registration	4-8 weeks \| AUD 10K-20K
Total	8-14 months \| AUD 200K-500K (~$130K-$330K USD)

Canada has no single federal crypto licence. Regulation is coordinated by the Canadian Securities Administrators (CSA) but filed through provincial securities commissions. Canada is a major gold mining nation with strong vault infrastructure.

Regulatory Structure

Provincial Registration: Crypto trading platforms must register with each provincial/territorial securities regulator (OSC in Ontario, AMF in Quebec, BCSC in British Columbia).
Commodity Classification: Fully-backed gold tokens may be classified as commodity contracts. Consult provincial regulators for classification.
FINTRAC Registration: Registration as a Money Services Business with FINTRAC (Financial Transactions and Reports Analysis Centre) required for AML/CTF compliance.
CSA Sandbox: CSA Regulatory Sandbox available for innovative fintech businesses. Time-limited registration with reduced requirements.

Key Compliance Steps

Engage counsel for commodity vs securities classification in target provinces
Incorporate Canadian entity (federal or provincial)
Register with FINTRAC as MSB
Apply to provincial securities commissions (start with Ontario OSC)
Consider CSA Sandbox for initial operations
Engage Royal Canadian Mint or LBMA-accredited Canadian vault
Configure TXDC Protocol token with CA jurisdiction parameters

Timeline & Cost Estimate

Entity Setup	2-4 weeks \| CAD 5K-15K
FINTRAC Registration	4-8 weeks \| CAD 10K-20K
Provincial Registration	6-12 months \| CAD 100K-300K per province
Total	8-14 months \| CAD 200K-600K (~$150K-$450K USD)

Japan was the first major economy to regulate crypto assets (2017 Payment Services Act amendment). The FSA has a mature framework with clear classification rules. Japan is one of the largest gold consumer markets in Asia.

Licenses Required

CAESP Registration: Registration as a Crypto-Asset Exchange Service Provider under the Payment Services Act. Apply through the FSA Financial Market Entry Office.
Type I Financial Instruments: If the token is classified as a security token, registration as a Type I Financial Instruments Business under the FIEA is required.
AML/CFT: Compliance with Japan's Act on Prevention of Transfer of Criminal Proceeds. JAFIC (Japan Financial Intelligence Center) reporting requirements.

Key Compliance Steps

Engage Japanese counsel for token classification (crypto asset vs security token)
Establish Japanese entity (KK or GK)
Apply for CAESP registration with Local Finance Bureau
Implement AML/CFT program per JAFIC requirements
Engage Japanese vault partner (Tanaka Kikinzoku or LBMA-accredited)
Complete FSA review process (6-12 months typical)
Configure TXDC Protocol token with JP jurisdiction parameters

Timeline & Cost Estimate

Entity Setup	4-8 weeks \| ¥1M-3M (~$7K-$20K)
CAESP Registration	6-12 months \| ¥30M-80M (~$200K-$540K)
AML/CFT Program	4-8 weeks \| ¥5M-15M (~$35K-$100K)
Total	8-14 months \| ¥50M-120M (~$340K-$810K USD)

Multi-Jurisdiction Strategy

Most gold token issuers will operate across multiple jurisdictions. TXDC Protocol's on-chain jurisdiction gating makes this deterministic — each buyer's KYC NFT carries their jurisdiction, and the RuleBody NFT's allow-list controls who can buy.

Recommended Launch Sequence

Start in the US: Strongest legal basis (SEC-CFTC Joint Interpretation). Largest market. FinCEN MSB while pursuing state MTLs.
Add UAE/Dubai: Fastest to license. Natural gold market. VARA application can run in parallel with US setup.
Add Switzerland: Mature framework. Strong vault infrastructure. Gateway to European market while MiCA applications are pending.
Add EU (MiCA): Once NCA authorization secured. Use Lithuania or Ireland as EU entry point. Covers all 27 member states with one license.
Add Singapore + HK: APAC coverage. Longer timeline but large addressable market.
Add Australia + Canada + Japan: Mature markets with strong gold infrastructure. Provincial/state complexity but high institutional demand.

TXDC Protocol advantage: The jurisdiction allow-list in each token's RuleBody NFT is updated on-chain as you secure new licenses. When you add UAE to your licensed jurisdictions, you update the RuleBody — every subsequent compliance check automatically includes UAE buyers. No code changes. No redeployment. The protocol enforces the new scope.

Gold Vault Partners by Region

Region	Vault Partners	Notes
US / New York	Brink's, Loomis, HSBC Vault	LBMA-accredited. Largest institutional custody. COMEX delivery eligible.
UK / London	Brink's, Malca-Amit, ICBC Standard Bank	LBMA headquarters. Premier gold custody jurisdiction globally.
Switzerland / Zurich	PAMP SA, Argor-Heraeus, SIX Digital Exchange	Swiss-grade security. Private vault options. Strong privacy frameworks.
UAE / Dubai	DMCC Tradeflow, Brink's Dubai, Emirates Gold	DMCC handles 25%+ of global gold trade. Tax-free zone advantages.
Singapore	BullionStar, Silver Bullion, Brink's Singapore	GST-exempt for investment-grade gold. Free port advantages.

Reserve Attestation Providers

Provider	Type	Notes
Armanino LLP	Big-4 adjacent CPA	Industry leader in crypto reserve attestation. Worked with Paxos Gold (PAXG). Monthly attestation cadence.
Grant Thornton	Top-10 audit firm	Global coverage. Quarterly attestation. Strong in institutional-grade token offerings.
Mazars Group	Top-10 audit firm	International coverage. Experienced in crypto asset verification.
CertiK (on-chain)	Blockchain-native	On-chain Proof of Reserves infrastructure. Real-time verification. Published research on tokenized gold PoR design.

On TXDC Protocol, the attestor's on-chain address is registered in the token's RuleBody NFT. The compliance oracle verifies attestation freshness before every transaction.

Ready to Start

Pick your jurisdiction. We handle the protocol.

TXDC Protocol issuance is deterministic and jurisdiction-aware. Once your legal counsel gives the green light, we can have your token on testnet within 48 hours.

Back to Onboarding Overview

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