For institutions.
Redeem at one kilogram and up. The metal releases as whole bars in original form, good delivery intact.
IN DEVELOPMENT
Gold you can hold,
or gold that moves.
USXAU is tokenized gold. One token, one unit of metal, held in a licensed and insured vault. It settles in seconds and it can be redeemed for the bar.
The problem
Most tokenized gold cannot be redeemed.
Every gold token says it is backed by metal. Most of them are. The question nobody asks is what it takes to actually get the metal.
For the largest tokenized gold product, redemption starts at 430 ounces. That is roughly $1.9 million of gold before anyone will hand you a bar. Another cites logistical constraints. Several do not publish a threshold at all.
For almost every holder, redemption is a claim on paper rather than something they could ever use.
If you cannot redeem it, you do not own gold. You own an exposure to the price of gold.
What USXAU is
One token.
One unit of gold. In a vault.
USXAU is issued against physical gold held in a licensed, insured vault. Each token represents a share of a trust that owns that metal, evidenced by warehouse receipts.
The metal does not move when the token does. Ownership transfers on chain in seconds; the bar stays where it is, insured and accounted for.
Every token in existence corresponds to metal held in the vault. Total supply and total reserve are published and reconcilable.
Three things you can do now.
Buy USXAU directly from Summit with a card, a bank account or stablecoin. Fractional amounts, no minimum. Institutional participants can create in kilogram lots against delivered metal.
The redemption difference
Redemption that works at your size, not just theirs.
Institutional redemption has a floor because a good delivery bar has a size. A kilogram is a kilogram, and no vault will saw one in half. So we built two doors.
For everyone else.
Spend USXAU on the marketplace at any amount. Buy a one gram bar or a single coin, shipped insured to your door. The metal you receive is not the metal in the vault, and it does not need to be. What matters is that a token holder of any size can convert to metal in hand.
| Redemption minimum | |
|---|---|
| Largest tokenized gold product | 430 oz, roughly $1.9M |
| Another major issuer | Logistical constraints cited |
| USXAU, institutional | 1 kg |
| USXAU, retail | Any amount, via the marketplace |
Verification
Check it yourself.
A backing claim is only worth the ability to test it. The verification page will publish, continuously:
Reserve data is read from an on-chain oracle rather than a page we update by hand. The token cannot be minted beyond the metal held. That constraint is enforced in the contract, not by policy.
Total tokens in existence
Total supply and total reserve are published and reconcilable.
Total metal held in the vault
USXAU is issued against physical gold held in a licensed, insured vault.
The difference between the two, which should always be zero or in your favour
The portion held by Summit for liquidity and retail supply, stated separately
Attestation records from an independent third party
Fees
What it costs.
There is no storage fee and no management fee. A token you buy today is the same token in ten years, representing the same weight of metal.
Retail purchases from Summit are priced with a margin that reflects the size of the purchase, in the same way physical coin denominations are priced. Smaller amounts carry a higher premium because the cost of servicing them does not scale down. Final fee schedule subject to change before launch.
- Mint
- 1%
- Redeem
- 1%
- Storage
- None
- Institutional participants
- Reduced rate under agreement
Status
Where this actually stands.
We will not launch until redemption works. A gold token that cannot be redeemed is the thing we are trying not to build.
We are a physical metals dealer first. We ship real gold and silver to customers today, and USXAU is being built on top of that business rather than instead of it. The vault relationships, the compliance program and the metal sourcing already exist because we already use them.
Vault and trust structure
Coming soonIndependent attestation
Coming soonLaunch
Coming soonFAQ
Be there at the start.
No spam, no price predictions, just a note when there is something real to see.
USXAU launches to the waitlist first.
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