What is CACHE Outstanding?

The number of CACHE Gold tokens outstanding represents the total number of CACHE Gold tokens minted. This can be verified on the Ethereum blockchain.

What is CACHE in Circulation?

CACHE in circulation represents the total number of CACHE Gold tokens circulating in the general public. Each CACHE Gold token in circulation must be backed by one gram of pure gold. CACHE in circulation can be calculated by subtracting the number of tokens in the CACHE Unbacked Treasury address from the total number of CACHE Gold tokens outstanding. The CACHE Unbacked Treasury address holds tokens that have been redeemed. The CACHE Gold smart contracts and CACHE Token Governor prohibit the transfer of unbacked tokens until new gold is deposited in the vault and locked to back the tokens.

What is CACHE Locked Gold?

CACHE Locked Gold represents gold that backs CACHE Gold tokens. CACHE Locked Gold cannot be unlocked or removed from the vaults unless an equivalent amount of CACHE Gold tokens are redeemed. The current supply of CACHE Locked Gold is always visible on the CACHE Explorer.

CACHE Gold Stats

Audits

Audited ByVaultLocationDateAudit
Bureau VeritasIDS Dallas (IDS_DFW1)Dallas, USNov 19, 2021 Download
Bureau VeritasThe Safe House (TSH_SIN1)SingaporeNov 18, 2021 Download
Bureau VeritasLoomis (LoomSWZ1)Zurich, CHDec 3, 2021 Download

CACHE uses GramChain® asset tracking and Chainlink Proof of Reserve (PoR) to guarantee 100% gold backing and to facilitate physical redemption on demand. GramChain® tracks events at the origin and enforces immutable transparency so that any error or omission will be permanently and publicly visible. This level of transparency enforces operational excellence. GramChain's technology allows anyone to audit CACHE Gold's physical backing at any time, 24/7. The only prerequisites to perform an audit are a web browser, an internet connection and basic elementary school level math skills.



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.