What Is a Standard Metal Unit?

A Standard Metal Unit is a fungible digital unit that represents the fine metal content of institutional-grade physical gold or silver, issued under a specific legal jurisdiction.

Each unit is:

• Fully backed by physical metal held in approved vaults

• Calculated based on verified fine metal content, not notional bar weight

• Issued only through deterministic, rules-based collateralization

• Governed by Global Gold Council standards

Standard Metal Units are not:

• IOUs issued by a company

• Pooled metal accounts

• ETF shares

• Fractional or rehypothecated claims

They are protocol-enforced monetary units backed by real, deliverable metal.