Everest Gold purchases 999.9 investment-grade gold from Metalor, an authorised dealer.
The gold is stored securely in a custodian vault (Malca-Amit) in Singapore.
Crowe Horwath First Trust LLP independently conducts quarterly audits to ensure that the amount of gold issued on the platform is equivalent to the amount of physical gold stored in the vault.
The gold is then made available on the Everest Gold trading platform for users to purchase once their accounts are verified.
Everest Gold transfers ownership of the gold purchased by users digitally under the care of gold custodians.