XAUs - Physical Gold Minting
Each XAUS created will automatically generate the minting & storage of an equivalent of 0.425 grams of physical gold within the vault of a Custodial Bank, guaranteeing physical gold settlement. Gold Chains ecosystem has developed and will continue to scale its gold refining capacity to ensure availability of gold to back each minted XAUS.
GoldChain is working on developing its own secure physical gold vault storage and obtaining a digital banking license. GoldChain having its own gold vault and digital banking license should enhance the process of minting XAUS. It is anticipated, with the growth in the number of Custodial Banks and GoldChain stores, physical gold settlement size, time and cost can be reduced.