Introduction

Aurox is a gold-backed digital token designed to provide compliant, on-chain access to allocated physical gold through an institutional workflow. Aurox is issued by Aurox (BVI) Limited and is built to combine the portability and interoperability of tokenization with professional bullion-market infrastructure. Each Aurox represents 0.001 troy ounce (toz) of gold exposure, enabling fractional positioning while retaining a clear link to physical bullion standard.

Aurox supports two complementary markets. In the primary market, approved participants can mint and redeem Aurox through a controlled portal process that includes eligibility screening and compliance checks. In the secondary market, Aurox can be transferred on-chain and used across compatible venues and applications, subject to applicable restrictions and technical controls. Aurox is not a bank deposit and is not insured.

Liquidity and Settlement

Aurox is designed for near-real-time on-chain settlement, meaning token transfers are processed continuously based on Ethereum network conditions and can occur 24/7. Real-time settlement refers to the on-chain movement of Aurox and does not necessarily imply real-time physical delivery, since any off-chain steps—such as bullion procurement, allocation updates, vault coordination, or banking rails—may require operational processing.

Liquidity typically arises from a combination of primary issuance/redemption via the portal and secondary market activity where Aurox is supported. When a user submits a mint or redemption request in the portal, the system validates eligibility and compliance requirements, calculates a quote, and executes settlement once the necessary checks and reconciliation steps are completed. The portal may show an “Estimated To Be Received” value, which is an expected amount calculated from the referenced price and applicable fees; small differences may occur due to rounding, network conditions, and execution adjustments.

Security Framework

Aurox is structured around allocated gold backing, meaning underlying holdings are associated with specific bars rather than an undifferentiated entitlement pool. In institutional bullion markets, the allocated versus unallocated distinction is commonly used to describe how ownership and custody are represented, and Aurox is designed to align with allocated custody and professional bullion workflows.

The bullion supply chain underlying Aurox is designed to follow institutional standards, including London Good Delivery conventions where applicable. London Good Delivery gold bars are typically around 400 fine troy ounces, commonly ranging from 350 to 430 troy ounces, and carry identifying markings such as serial number, refiner, fineness, and year.

Aurox's operational model separates responsibilities across issuer, custody, and procurement providers to reduce operational risk and improve accountability, while maintaining compliance controls that may restrict or delay service in certain circumstances (including sanctions, AML/CFT requirements, or legal obligations).

Investor Onboarding

Primary minting and redemption of Aurox is available only to approved, whitelisted participants who complete onboarding. Onboarding is designed to satisfy KYC (individual), KYB (entity), and KYT/screening requirements, and may include identity verification, corporate documentation, beneficial ownership information, and risk-based source-of-funds checks. Wallet attestation and ongoing monitoring may apply where relevant, and Aurox may request updated information periodically or when risk triggers occur.

Aurox services are not intended for persons or entities located in jurisdictions where the offering, holding, transfer, minting, or redemption of Aurox would be illegal or would require unfulfilled registration, licensing, or approval. Aurox may also restrict access for sanctions, compliance, or risk reasons, including where it reasonably believes a participant is attempting to circumvent controls. Additional restrictions and definitions are provided in the Terms of Service and the Restricted Jurisdictions & Prohibited Persons Policy.

Subscription and Redemption

Aurox supports minting through a portal-based primary issuance workflow for approved participants. In a typical mint, a participant submits a request, receives a quote, selects a settlement currency (USDC), and completes the transfer to the designated settlement route. Once eligibility checks and reconciliation are satisfied, Aurox is minted and delivered to the approved wallet address. Although on-chain delivery is designed to be near-immediate once executed, certain operational steps may introduce delays in exceptional cases, such as compliance review, incorrect transfers, or quote expiry if quote windows are used.

Redemption is available in two forms: redemption to stablecoins (USDC) and physical bullion redemption subject to thresholds and logistics. For stablecoin redemption, a participant submits a redemption request, Aurox is burned, and stablecoins are delivered to the designated address or settlement route once checks and reconciliation are complete. Physical bullion redemption is designed for participants who accumulate at least 400 toz worth of Aurox, with redemption supported through Hong Kong, Singapore, London, and Dubai, subject to inventory, scheduling, identity re-verification, and operational constraints. Physical delivery typically involves additional fees and lead times consistent with institutional bullion logistics and will be disclosed in the portal prior to confirmation.

Token Pricing

Aurox pricing is designed to align with LBMA real-time quote conventions through a pricing methodology that may include a price oracle for on-chain validation and/or quoting. A mint or redemption quote typically reflects the referenced spot price plus applicable fees, and may include dealer execution spread or operational costs depending on the workflow. The portal may provide an estimated “To Be Received” amount based on the current reference price and fee schedule; final amounts may differ slightly due to rounding, network conditions, and execution adjustments.

Aurox may publish additional detail about its pricing inputs, quote validity windows, oracle update frequency, and any failover rules used during market stress or oracle disruption. Where applicable, the portal will present final confirmations before the participant commits to settlement.

Fees

Aurox uses a transparent fee schedule designed to be simple and predictable. The mint fee is 25 bps (0.25%), the burn/redemption fee is 25 bps (0.25%), and an on-chain transfer fee is waived for token transfers where implemented at the token level. Platform-side custody fees are stated as 0; however, external costs may still apply in certain cases such as banking commissions, vault logistics, delivery handling, insurance, or third-party services, particularly for physical redemption.

Fee definitions, rounding conventions, minimums, and any promotional waivers (if applicable) should be read together with the Terms of Service and the Fees & Charges page. Aurox may update fees with notice where permitted by applicable terms.

References and Attachments

Aurox aims to support verifiability through a transparency program that reconciles on-chain token supply with off-chain physical gold holdings. Transparency materials may include Proof of Reserves reports, reconciliation statements describing how supply and reserves align, and periodic audit or assurance reports published on a defined cadence. Aurox may also publish bar-level or aggregated allocation information where operationally feasible and consistent with privacy and security practices.

This section also hosts the legal and operational documents required for institutional usage, including Terms of Service, Risk Disclosure, Privacy Policy, Restricted Jurisdictions & Prohibited Persons Policy, and operational guides for minting, redemption, and physical delivery by hub. Links and templates may be updated over time, and participants should rely on the latest published versions.

Smart Contract

Aurox is implemented as an ERC-20 token on Ethereum. Smart contract controls are designed to support mint and burn mechanics through authorized flows, apply transfer-fee logic where implemented, and integrate with pricing oracles or validation logic as required by the pricing and settlement framework. Administrative roles may exist to support operational needs such as updating fee collectors, enabling emergency controls, or enforcing compliance actions where permitted by applicable terms.

Aurox may publish contract addresses, audit reports, and relevant technical documentation once finalized. Participants should verify contract addresses from official documentation and use caution when interacting with third-party applications.

Service Providers

Aurox relies on specialized service providers across issuance, custody, procurement, banking rails, and technology infrastructure. Aurox is issued by Aurox (BVI) Limited. Physical gold is held under institutional vaulting arrangements with Brink’s in Hong Kong, and bullion workflows may be supported by LBMA-accredited smelters such as Metalor or Heraeus for settlement where applicable. Gold procurement is executed via a licensed Hong Kong gold trading firm, Lofivista (Hong Kong) Ltd, and the portal and technology infrastructure stack is supported by AXG and associated providers.

Service providers operate within the scope of their contractual responsibilities. Aurox does not control independent blockchain networks, wallets, or third-party venues, and users bear the risks associated with external systems and counterparties outside Aurox’s direct operational scope.