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Forensic dossier

Tether Gold

XAUT · Tether — TG Commodities, S.A. de C.V.

UtilityDigital ownership of physical gold — each token a claim on vaulted bullion.

What the forensic review found

Issuer legal terms describe one XAUT as one fine troy oz and undivided gold rights in an identifiable London Good Delivery bar.

This asset was researched forensically under the FORA-01 protocol — a review of issuer terms, custodians, audits, and liabilities — rather than through the whitepaper process.

Primary sources

Research status

Classification: Forensic dossier · Reviewed · The links above are the reviewed evidence.

Machine-readable summary →

👁️ Evidence dossier

Verification classClass BFORA-01 scale — verification, not a quality ranking
Claim type · Direct title (gold) · Forensic review
What does the holder own?

Title, redemption claim, fractional ownership, reserve exposure — or just narrative.

Issuer legal terms describe one XAUT as one fine troy oz and undivided gold rights in an identifiable London Good Delivery bar.

high confidence
Verified
Who holds the underlying?

Needs an identifiable custodian or entity — not a wallet address or a label.

Swiss vaults; MKS PAMP and Loomis named in secondary accounts of attestation materials; custodian records not directly inspected.

high confidence
Partially verified
How are reserves checked?

Custodian records → inventory → third-party audit → supply reconciliation.

BDO Italia quarterly ISAE 3000 assurance described in secondary reporting; the assurance report itself was not directly inspected.

high confidence
Partially verified
How does redemption work?

Eligibility, minimums, fees, KYC, settlement — and what happens to the token.

Physical delivery at 430 XAUT plus a 0.25 pct fee and delivery costs in Switzerland; issuer may sell the gold and remit cash less 0.25 pct; US retail access restricted.

high confidence
Verified
Who is liable if redemption fails?

A legally accountable entity and jurisdiction — not a DAO label.

TG Commodities, S.A. de C.V., registered under El Salvador's CNAD; a Relevant Information Document was filed 27 January 2025.

high confidence
Verified

❔ UNVERIFIED means not yet researched — not disproven. Rows marked “researched” were investigated and independent evidence was not found. Coverage expands as FORTUNA verifies. Method: FORA-01 Asset Claim Verification Protocol.

❔ Frequently asked questions

What is Tether Gold (XAUT)?

Issuer legal terms describe one XAUT as one fine troy oz and undivided gold rights in an identifiable London Good Delivery bar.

What does the holder own?

Issuer legal terms describe one XAUT as one fine troy oz and undivided gold rights in an identifiable London Good Delivery bar.

What is Tether Gold's verification status?

Tether Gold (XAUT) carries verification class B (Class B): a mix of VERIFIED and PARTIALLY VERIFIED with no UNVERIFIED and no CONTRADICTED findings. What would change it: Independent evidence closing the partially verified gaps would move it to Class A.

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