Conditional Claim NFTs
*PATENT PENDING* – Digital Titles for Allocated Precious Metals)
Each allocated Global Gold Token — including Global Gold Bars, Global Gold Coins, and other council-approved metal forms — is represented on-chain by a Conditional Claim NFT.
The Conditional Claim NFT functions as a digital ownership-claim representation for a specific, serialized physical asset held in an approved vault.
What the Conditional Claim NFT Represents
A Conditional Claim NFT represents:
A legally structured, conditional claim pathway to acquire legal title to a specific physical metal asset (bar, coin, or approved bullion form)
A cryptographic digital twin of the asset’s physical, legal, and custodial attributes
A transferable claim representation tied to a single, identifiable piece of metal
Claims are asset-level and non-pooled, with defined legal and operational pathways for validation and execution.
Why the Claim Is “Conditional”
The claim encoded in the NFT is conditional because legal title transfer must satisfy jurisdictional and vault-level requirements before completion.
These conditions typically include:
Jurisdiction-specific compliance checks
Vault-level KYC / AML review
Confirmation of eligibility for title transfer under local law
Until these conditions are satisfied:
The NFT represents a claim to request title transfer, not instantaneous delivery
Tokens used in a claim flow are escrowed, not burned
No title transfer occurs prematurely
This structure preserves:
Regulatory compliance
Legal enforceability
Non-custodial protocol design
What the Conditional Claim NFT Is Not
A Conditional Claim NFT is not:
A custodial receipt
A balance-sheet liability
A pooled or fractional claim
An IOU issued by Global Gold Protocol LLC
An unconditional or discretionary promise of delivery
The NFT does not place custody, discretion, or execution authority in the protocol.
Separation of Roles
The Conditional Claim NFT exists to standardize ownership and settlement, while keeping operational responsibilities cleanly separated:
Vaults retain physical custody and execute delivery
Trusts / collateral agents (where applicable) hold title during collateralization
The protocol defines and enforces the rules
Users remain the economic owners of the metal
This separation is what allows Global Gold Tokens to support:
Asset-level ownership
On-chain transferability
Jurisdiction-compliant settlement
Institutional-grade auditability=
— without introducing custody, issuer risk, or discretionary control.
Why This Matters
Conditional Claim NFTs are the core primitive that allows real, physical precious metals to exist on-chain without counterparty risk.
They do not abstract ownership.
They encode it.
They are the foundation that makes decentralized, non-custodial gold and silver possible at global scale.
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