Physical Gold Delivery

A minimum of 1,000 XRBG tokens is required for physical gold redemptions. Holders wishing to redeem fewer than 1,000 XRBG can redeem to stablecoin like USDC via https://app.xrb.gold or use any DEX that trades XRBG to swap their tokens for stablecoins like USDC.

Stablecoin can easily be converted to fiat through third-party exchanges and apps.

XRBG is designed as a gold redemption-focused solution, ensuring token holders can always exchange their tokens for physical gold.

Step-by-Step Guide

1. Request Physical Gold Delivery

  • Contact Options:

  • Sign Up: Visit https://app.xrb.gold to sign up for your XRB Gold account.

2. KYC Verification

Upon requesting to redeem, an account manager will be assigned to you to collect required information and perform KYC verifications.

  • Required Documents:

  • For Individuals:

  • Valid national passport, or

  • Government-issued national identification card, or

  • Government-issued driver's license.

  • Proof of residence (e.g., bank statement, letter of good standing, utility bill).

  • For Institutions and Organizations:

  • Valid passport and national identification of majority stakeholders.

  • Company Information Sheet (CIS).

  • Articles of Incorporation or Registration.

  • Government Tax ID and Proof of Registration or Receipt.

  • Corporate Operating Agreement.

3. Submission and Verification

  • Submit all required documents to your account manager.

  • Once all information is received, verified, and accepted, your account manager will proceed with processing your requests for XRBG token redemption.

4. Redemption Process

  • Information Verification: Your information will be reviewed and approved.

  • Electronic Agreement: Sign an electronic agreement confirming the redemption transaction details.

  • Logistics Confirmation: Confirm your secure delivery address and all logistics details related to the delivery of your gold.

  • Vault Custodian Action: The vault custodian will withdraw the equivalent gold from the vault and arrange for delivery to the approved secure address (shipping and handling fees included).

Token Burning: Upon successful delivery confirmation, XRB DAO will burn the corresponding XRBG tokens from circulation.

Last updated

Was this helpful?