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The Redemption Process

To redeem your tokens for gold, you must have an approved CACHE account and provide an Ethereum address that holds CACHE tokens you wish to redeem.

You can select any parcel for redemption as long as the pure gram total of the parcel is equal to or less than your CACHE Gold token balance. During the checkout process you can choose to:

  • Pick up your parcel(s) at the vault (only available at some vaults)
  • Ship your parcel(s) to your mailing address (this incurs additional costs)
  • Sell your parcel(s) to a liquidity provider that accepts gold deliveries at the vault

Once you submit your redemption request, CACHE will reserve the parcels for 10 minutes in order to allow time for payment of the balance due. If you fail to send the full balance due within the time limit, the redemption request expires and any partial transfer received will be refunded to the originating address.



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Important Notice:

CACHE Gold, established in 2018, embarked on a mission to digitize gold through the issuance of fungible ERC-20 tokens, utilizing the GramChain asset tracking system. This innovative approach offered a transparent and fully backed solution, providing real-time and tamper-evident Proof of Reserve (PoR).

Recent regulatory changes and proposed amendments are expected to significantly increase our compliance and administrative costs, rendering the issuance of new gold backed tokens in Singapore unfeasible. In light of these developments, CACHE Gold has made the difficult decision to enter indefinite dormancy. This move is aimed at addressing the operational complexities arising from the recent and potential regulatory shifts. Our primary focus during this period of dormancy will be to facilitate 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.