Global Gold uses precise terminology to avoid confusion.
"Claim" refers to the on-chain process of using Standard Metal Units to acquire an allocated metal asset represented by a Conditional Claim NFT. This process is compliance-gated and does not involve physical delivery.
"Redemption" refers to the off-chain process of converting an allocated asset into physical metal delivered by the vault.
Standard Metal Units themselves are not redeemed. They are either traded or used to claim allocated metal.
