The CACHE Gold token fees:

  1. Storage fee – CACHE Gold charges 0.25% (25 basis points) per annum to cover the cost of insured, audited storage in accredited partner vaults. Please see the detailed fee guide for more information.
  2. Redemption fee – CACHE charges a 1% (100 basis points) fee to redeem CGT tokens for physical gold. For pickup orders, there is a 1 CGT minimum redemption fee.
  3. Transfer in fee – CACHE charges a 1% (100 basis points) fee to transfer your bullion to CACHE.

To simplify the usage of CACHE Gold tokens we waived our 0.1% (10 basis point) transfer fee for transfers of CGT from one address to another until January 1, 2023.

For any address that does not transact for three or more years, the storage fee is replaced by a 0.50% (50 basis point) per annum inactivity fee based upon the snapshot balance as of the date of inactivity. Inactive addresses become active addresses upon transferring any number of tokens to any other address or by the paying outstanding storage fees. For more detailed technical information about CACHE Gold fees and how they work, please see the CACHE Gold smart contract documentation.

Delivery Fees

Depending on the redemption option chosen, there may be additional fees charged by the delivering vault such as a pickup fee and or insured shipping charges if you choose to have your gold shipped from the vault.

Important Notice:

CACHE Gold was founded in 2018 to digitize, by issuing fungible ERC-20 tokens, uniquely tracked gold bars in a transparent and fully backed manner using GramChain asset tracking system, thus providing a real-time and tamper evident Proof of Reserve (PoR).

Our approach was compliant to the definition of an asset-backed-token under the Singapore Precious Stones and Precious Metal Act (PSPM Act) as administered by the Singapore Ministry of Law.

In mid-2023, Singapore Ministry of Law announced the proposal to amend the PSPM Act whereby “the definition of asset-backed token will be updated to exclude digital payment tokens” and that “[sale of] tokens backed by gold to a customer after the effective date of this amendment, will not fall within the scope of regulated dealing under the PSPM Act.”

With these changes, gold backed tokens, from a regulatory perspective will be regarded as securities under the Monetary Authority of Singapore (MAS). MAS securities regulations makes the issuance, distribution and trading public blockchain tradeable tokens impractical.

This shift removes the regulator assurance of issuing new CACHE Gold Tokens in Singapore and as a result, CACHE Gold has made the difficult decision to enter indefinite dormancy, with the aim of just facilitating the redemption/conversion of any remaining tokens.

If you hold any outstanding CGT, please contact us at [email protected] for guidance on CGT redemption/conversion.

CACHE Gold has consistently maintained more than 100% backing for its tokens and possesses adequate net assets to responsibly close operations, settling all liabilities. We have actively reduced outstanding tokens and hold only a minimal number of third-party tokens.

We deeply regret being unable to realize our vision of issuing highly transparent public blockchain gold tokens.