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Redeemability Index
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Redeemability Index ÔÇö Metal-Backed Tokens
This index compares gold and silver-backed tokens based on their ability to be redeemed for physical metal, storage type, audit transparency, and geographic availability. Not all metal-backed tokens offer real-world delivery or allocated storage, making redeemability a key differentiator.
Use Case: “Helps identify which digital bullion tokens can be trusted to represent real, deliverable metal versus those that simply track price.”
Key Concepts: Physical Redemption, Allocated Storage, KYC Requirements, Global Vault Access
Comparison Table:
| Token | Metal | Redeemable? | Backing | Storage Type | Audit & Transparency | Notes |
|---|---|---|---|---|---|---|
| $KAG | Silver | Yes | 1 oz per token | Fully Allocated | Yes ÔÇö Kinesis vault audits | Physical redemption available via Kinesis |
| $KAU | Gold | Yes | 1 gram per token | Fully Allocated | Yes ÔÇö Kinesis vault audits | Physical redemption available via Kinesis |
| $PAXG | Gold | Yes | 1 oz per token | Allocated (Brinks) | Yes ÔÇö Paxos audits | Requires KYC & high minimum for redemption |
| $XAUT | Gold | Yes* | 1 oz per token | Allocated (Swiss vaults) | Limited disclosure | *Terms-based redemption; centralized issuer |
| $AUX | Gold | Variable | Varies by issuer | Unverified / Mixed | Depends on platform | Check issuer terms for redeemability |