HGT
HSBC Gold Token
- Value outstanding
- $85M
- 0D change
- -
- Yield
- None
- NAV
- 331.2400
- Management fees
- 0.25%
- Minimum
- $35
- Redemption
- Daily
- Launched
- 27 Mar 2024
Depends onHSBC
Field coverage 100%Primary-source or on-chain verified 50% of tracked metrics2/2 source documents analyst-verifiedLast reconciled 15 Oct 2026
Overview
What this product is
The first retail and wealth tokenized real-world asset issued by a global systemically important bank (G-SIB), minted on the distributed ledger infrastructure of HSBC Orion. Backed 100% by allocated fractional ownership in physical London Good Delivery gold bars stored in HSBC's specialized vault in London.
- Underlying asset
- Allocated London Good Delivery physical gold bars held in HSBC London vault
- Asset class
- Commodity
- Product structure
- Commodity-Backed Token
- Legal structure
- Singapore Restricted Scheme
- Issuer jurisdiction
Hong Kong SAR- Fund domicile
- Hong Kong
- Base currency
- USD
- Launched
- 27 Mar 2024
Peer set
Comparable products
Products in the same asset class and currency. Yields are quoted on different bases, so check each one before comparing.
Issuer
Who runs it
HSBC
United Kingdom
United KingdomGlobal banking group issuing HSBC Orion digital assets and HSBC Gold Token on institutional private/consortium DLT.
Portfolio
Composition
- London Good Delivery allocated gold bullion bars (0.9999 fine)100.0%
No on-chain history has been recorded for this product yet. Its value outstanding comes from issuer disclosure rather than a contract read.
AUM
$85M
Assets under management
No on-chain history recorded for this series yet.
Yield
0.00%
Yield history. No yield
No on-chain history recorded for this series yet.
NAV
331.2400
NAV per token
No on-chain history recorded for this series yet.
Movement
Recent daily movement
No on-chain history recorded for this product yet.
Holdings
Disclosure
Underlying portfolio
| Share | ||||
|---|---|---|---|---|
| London Good Delivery allocated gold bullion bars (0.9999 fine) | Allocated bullion | - | 100.0% |
Exposure
What you actually own
Economic exposure is to allocated london good delivery physical gold bars held in hsbc london vault. Weighted average maturity is 0 days, which sets how quickly the portfolio reprices as rates move.
- Allocated bullion
- 100.0%
Redemption
Terms
Contractual terms
- Redemption frequency
- Daily
- Dealing cut-off
- London Bullion Market trading hours
- Settlement
- T+1 cash settlement into linked HSBC multi-currency account; physical redemption upon bar threshold
- Redemption fee
- 0.10%
- Secondary venues
- HSBC Wealth Portal, HSBC Orion Ledger
- Transfer restrictions
- Transferable across verified accounts on HSBC Orion and participating HSBC Wealth digital portals.
These are contractual terms from the offering documents. Observed settlement performance and any discretionary accommodation by the manager are explicitly out of scope.
Assessment
Liquidity profile
Primary redemption
Daily · T+1 cash settlement into linked HSBC multi-currency account; physical redemption upon bar threshold
Off-hours exit
Constrained to London Bullion Market trading hours
Secondary market
HSBC Wealth Portal, HSBC Orion Ledger
Transferability
Allow-listed wallets only
Exit fee
0.10% on redemption
Relationship graph
Operational dependency network
Every firm and system this product relies on. Select any of them to open its profile.
Every counterparty and system this product depends on to function. Each card links to that entity's own profile: the question worth asking of each is what happens to your position if it stops working.
Open in Ecosystem Graph →Issuance & legal
Who is legally on the hook for this product.Custody
Where the backing assets actually sit.Markets & settlement
Where it trades and how value moves between venues and chains.
Edges marked derived are inferred from a structured field on this product that carries its own source; they are not independent confirmation of it. Edges without that mark were sourced separately from a disclosure naming both parties.
Deployments
Registry
Networks and contracts
| Contract / asset id | |||
|---|---|---|---|
| EthereumPrimary | public l1 | 100.0% |
Counterparties
Service providers
If any of these has a problem, this product is affected.
- Custodian
- HSBC· United Kingdom
- Administrator
- HSBC· United Kingdom
- Transfer agent
- HSBC· United Kingdom
- Tokenization platform
- HSBC· United Kingdom
- Oracle / attestation
- HSBC Vault Attestation
Access
Classification
Who may hold this
RetailEligible
AccreditedEligible
ProfessionalEligible
InstitutionalEligible
- Minimum investment
- $35
- Allow-list required
- Yes
- Transfer restrictions
- Transferable across verified accounts on HSBC Orion and participating HSBC Wealth digital portals.
Geography
Where it is available
United StatesNot available
European UnionNot available
SingaporeAvailableUnited KingdomAvailable
SwitzerlandNot availableHong Kong SARAvailable
United Arab EmiratesNot availableExplicit prohibitions
- −United States
Availability is limited to the jurisdictions in the coverage boundary. Absence here means not covered, not necessarily prohibited. This is a classification of the offering documents, not legal advice.
Structure
Legal and regulatory
- Legal structure
- Singapore Restricted Scheme
- Product structure
- Commodity-Backed Token
- Fund domicile
- Hong Kong
- Issuer jurisdiction
- Hong Kong SAR
- Transfer agent
- HSBC
The domicile of the fund and the jurisdiction of its manager are frequently different. Both are recorded separately because they drive different questions: tax and insolvency follow the domicile, supervision follows the manager.
Source documents
Offering documentation
The documents behind the figures on this page. Anything marked verified has been checked by an analyst.
On-chain activity
Daily value outstanding
Value outstanding as read from the token contracts each day, and the movement between readings. Mints and redemptions are not separable on-chain, so this is the net of both, not gross issuance.
No on-chain history recorded for this product yet.
Related intelligence
0 events reference this product
No tracked events reference this product yet.