Each Global Gold Coin is represented by a Conditional Claim NFT, which functions as the on-chain representation of a legally structured conditional claim for that specific coin.
The NFT encodes:
Coin type and mint
Year of issue
Weight and purity
Vault location and jurisdiction
Legal claim conditions
Custody and audit attestations
The NFT grants the holder a legally structured, enforceable right to acquire title to that specific coin once jurisdictional and vault-level conditions are satisfied.
The protocol does not custody the coin, does not intermediate delivery, and does not exercise discretion.
