Delivery & Settlement Process
Delivery & Settlement
Step-by-step process from Delivery Notice through final settlement and gold allocation.
The delivery and settlement phase represents the culmination of the GOLDN Forward program, where entitlements are converted to physical gold ownership. This section outlines the procedural steps from delivery notice issuance through final settlement, including the options available to subscribers for receiving their allocated gold and the mechanics governing fractional entitlements.
Indicative delivery window: Q4 2026 (subject to program conditions)
Physical delivery or allocated vault storage options
LBMA Good Delivery bars with assay certification
60-day settlement window for Stage 2 payment
Delivery Notification
Upon gold availability, Digix issues notification to eligible subscribers, initiating the settlement window.
Deferred Payment Due
Subscriber remits Stage 2 (Deferred) payment of $0.05775 per token ($1,155 per oz) within 60 days of final delivery date.
Token Conversion
Upon payment completion, GOLDN_OT tokens are burned and equal quantity of GOLDN_SET Bullion Delivery Tokens are minted and issued to holder.
Delivery Election
Purchasers elect either: (a) physical delivery of bullion to a Brinks Logistics Services approved location (Company funded), or (b) allocated storage with transfer of title into their name within an LBMA-accredited vault.
Title Transfer
Title passes in accordance with the Offtake Agreement and Delaware UCC §2-401. Upon physical delivery confirmation, corresponding GOLDN_SET Tokens are burned.
Delivery Options
Physical Delivery
LBMA Good Delivery bars delivered CIF to subscriber's designated location via Brinks Global Services (Company funded), with full shipping and insurance documentation.
CIF delivery with shipping and insurance documentation
Complete Brinks chain-of-custody records
Assay certificates included
Allocated Vault Storage
Gold allocated to subscriber's account at an approved vault facility. Subscriber holds title to specific bars.
Segregated, allocated storage at Brinks facility
Bar list and allocation statement in purchaser's name
Future delivery option maintained
Fractional Entitlements
Entitlements below deliverable bar thresholds may be settled in cash at the Operator's discretion, calculated at prevailing market rates per the definitive documentation. Subscribers holding fractional amounts should review the Offering Memorandum for detailed settlement mechanics.
Settlement Checklist
Verify Stage 1 payment confirmation
Review delivery notification from Operator
Submit Stage 2 payment within 60-day window
Elect delivery method (physical or vault)
Confirm receipt of GOLDN_SET tokens
Coordinate delivery logistics (if physical)
Verify GOLDN_OT token quantity and conversion (20,000 tokens = 1 oz)
Await delivery confirmation or allocation notice
End-to-End Logistics Chain
The complete origin-to-delivery flow for each tranche of gold:
Origin (Bolivia)
Brinks Global Services collects doré at or near the mine site in the La Paz region and transports it under secure chain-of-custody to the export office.
Export Office Controls & Refinery Preparation
Doré is assayed at the export office, documented, sealed in tamper-evident packaging, and prepared for export to Metalor Technologies SA. Refined to LBMA 99.999% International Standard by Metalor Technologies SA.
Doré is exported to Metalor for refining (either Metalor USA or Metalor Switzerland, routing determined by timing, capacity, and purchaser preference).
Post-Refining Delivery
Refined LBMA-standard bullion is delivered into a Brinks facility for allocated storage, or Brinks arranges CIF delivery to the purchaser's designated location.
LBMA Tranche Documentation
LBMA does not issue transaction-specific certificates. The standard diligence approach is to confirm the refiner is LBMA Good Delivery Listed and provide a full tranche-level audit trail. For each tranche, GOLDN-Digital provides:
Metalor assay / fineness certification and release documentation
Bar list (serial numbers, weights, fineness, hallmark) for the refined bars
Brinks chain-of-custody documentation (pickup, seals, transfers, delivery)
If vaulted: allocated account statement and bar list reconciliation in the purchaser's name
If CIF: shipping documentation and insurance confirmation consistent with CIF terms
Independent inspection and sampling at origin and/or refinery intake available upon request
Post-Delivery Benefits
Upon completion of title transfer, the Company provides the following complimentary services for all delivered gold:
Two years of complimentary vault storage at the designated facility
Comprehensive insurance coverage for the duration of the complimentary storage period
CIF (Cost, Insurance, Freight) shipping at the Company's expense for physical delivery elections
Option to maintain vault storage in subscriber's name beyond the complimentary period at standard facility rates
Physical delivery to subscriber's bank, financial institution, or other approved secure location
Individual Allotment Process
Following completion of the full 8,000 oz vault delivery and verification by the independent trustee, individual subscriber allotments are processed. Each subscriber's allocation is matched to specific bar serial numbers. Subscribers then elect their preferred delivery method — either physical delivery to their designated institution or continued allocated vault storage with title transferred into their name.
Metalor Refinery Locations
Metalor Technologies SA operates refining facilities in Salt Lake City (USA), Singapore, and Switzerland. Routing is determined by timing, available capacity, and purchaser preference.
Why Complimentary Vaulting Is Possible
The Company's ability to provide two years of complimentary vault storage and insurance is underpinned by the retained reserve base. After delivering the initial 8,000 oz offtake, the Company retains access to an estimated 900,000+ ounces across its six concessions — the economics of the retained production comfortably absorb the cost of subsidizing storage and insurance on the offtake quantity.
Title & Delivery Benefits
Upon delivery, subscribers receive full title transfer to their allocated gold. Subscribers who elect vault storage receive title in their name plus two full years of vault storage and comprehensive insurance at no additional cost to the subscriber — all funded by the Company. CIF (Cost, Insurance, Freight) shipping is also provided at the Company's expense for subscribers electing physical delivery to their bank or designated secure location.
Projected Milestones
All timelines are estimates only and are provided for illustrative purposes. Actual results may differ materially due to regulatory, operational, market, or logistical factors beyond the Company's control.
Reserve-to-Delivery in ~5 months — forward purchase today, bullion tomorrow.
Token Sale Begins
Feb 2, 2026
Mining Production Begins
May 1, 2026
First Production of Doré Bar
July 1, 2026
First Refined Delivery to Vault
Aug 1, 2026
Final Delivery – 8,000 oz
Oct 1, 2026
Deferred Payment Due
Dec 1, 2026 (60 days from Final Delivery)