Partner: Haobao
Haobao is a Singapore-licensed precious metals dealer specializing in over-the-counter (OTC) services for institutions and high-net-worth clients. Its founding team has over ten years of trading experience in major global gold markets, ensuring deep expertise in gold pricing, global liquidity management, and regulatory compliance.
Within the BGOLD ecosystem, Haobao performs the following roles:
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Procurement and issuer of the physical gold
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Delegating party for gold custody
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Settlement provider for physical redemption
Gold Custody and Insurance
All physical gold backing BGOLD is stored in the Malca-Amit international high-security vault. Malca-Amit is a global professional precious metals storage provider used by central banks, London bullion dealers, and major jewelry companies, offering:
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24/7 monitoring: Comprehensive surveillance and robust security measures protecting the vaults
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Full property insurance: Coverage against risks such as fire, theft, and natural disasters
Haobao itself does not directly handle gold storage, ensuring the separation of roles among procurement, custody, and auditing, thereby maximizing asset security.
Audit Mechanism and Transparency
To ensure the commitment that “every BGOLD token is backed by one gram of gold in custody,” we have established a three-layer transparent audit system:
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Custodian Reports: Malca-Amit regularly provides detailed holding reports listing gold bar serial numbers, weight, purity, and storage location.
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Independent Third-Party Audits: At least once per quarter, internationally recognized auditing firms conduct on-site surprise audits of the vaults to verify the authenticity of the reports.
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On-Chain Proof and Cross-Verification: The key summary (hash value) of each audit report is permanently recorded on-chain. Anyone can compare the total BGOLD supply on-chain with the total physical gold holdings reported in the audit report for verification.