# A New Monetary Substrate for Global Metals

Global Gold unifies four capabilities into a single system:

* **Allocated assets**\
  Specific bars and coins represented as Conditional Claim NFTs with enforceable ownership<br>
* **Unallocated liquidity**\
  Jurisdiction-specific fungible metal tokens (e.g., USG, USS) backed 1:1 by standardized collateral<br>
* **Global markets**\
  An allocated asset marketplace and an institutional exchange for fungible metals<br>
* **Global settlement**\
  Rule-based claim, transfer, and physical redemption processes executed by participating vaults across jurisdictions<br>

Together, these components form a unified settlement and liquidity layer for precious metals — one that preserves gold’s sovereignty while enabling its participation in modern digital financial systems.