Marketplace Mechanics

The NFT Marketplace supports two primary interaction paths for users seeking allocated metal:

Direct Purchase of Allocated Assets

Users may acquire allocated bars or coins listed by vaults or private sellers at a market-determined price. These listings may include a premium reflecting asset-specific attributes such as bar size, brand, location, or immediate availability.

Settlement occurs as a single, atomic ownership exchange:

• The buyer transfers the applicable jurisdiction-specific settlement token (e.g., USG or USS)

• The Conditional Claim NFT is transferred to the buyer, reflecting the updated beneficial owner

• The vault updates its records to reflect the new beneficial owner, subject to applicable jurisdictional requirements

Claiming Allocated Assets Using Fungible Tokens

Holders of jurisdiction-specific fungible tokens may use those tokens to claim standardized allocated assets that back the token supply.

In this flow:

• A user selects an eligible allocated asset

• The required amount of USG or USS is placed into escrow

• The corresponding Conditional Claim NFT is provisionally reserved for the claimant

• The vault conducts required KYC/AML and compliance checks

• Upon approval, legal title transfer is executed by the vault in accordance with local law, and the escrowed tokens are burned pursuant to protocol rules

• If approval is denied, the reservation is released, the NFT returns to the available pool, and the escrowed tokens are returned to the user

This conditional claim mechanism ensures:

• Legal compliance at the vault level

• No premature burning of tokens

• No protocol-level custody or discretion

At no point does the protocol take possession of metal, intermediate settlement, or override vault-level custody, compliance, or title authority.