Libeara (product provider) — vault operator disclosed in offering documents
Libeara Tokenised Gold Product
Tokenised beneficial or contractual interest in an allocated gold structure. Approval status: Approved by Product Governance Committee to 2026-12-31.
Data as at 2026-08-05 01:40 UTC · Simulated provider and custodian feeds
Simulated data. Product terms, prices, balances and settlement references are placeholders pending provider, custodian and legal confirmation.
Eligible
- Client PI status current
- Mandate permits commodity exposure
- Settlement asset approved
Terms and economics
- Legal wrapper
- Legal wrapper placeholder — to be confirmed by provider documentation
- Nature of investor interest
- Tokenised beneficial or contractual interest in an allocated gold structure
- Economic exposure
- Spot gold, allocated or otherwise specified per provider structure
- Target return / yield
- Return placeholder — commodity price exposure, no yield
- Tenor
- Open-ended
- Liquidity
- T+1 redemption window, provider-dependent
- Dealing cycle
- Daily, 15:00 HKT cut-off
- Distribution policy
- No income distribution
- Fees
- Provider fee placeholder 0.40% p.a.; platform orchestration fee 0.10%
- Minimum
- USD 250,000
- Settlement assets
- USDC, HKD stablecoin / stablepoint
- FX / conversion route
- HKD stablepoint → USDC conversion leg where HKD funding is used.
- Capacity
- USD 40,000,000 remaining of USD 100,000,000 programme
- Quote validity
- 90 seconds
Risk panel
A 20% gold drawdown produces a broadly proportionate capital loss before fees.
- Market62 / 100
Gold price volatility; USD translation risk.
- Liquidity28 / 100
Daily dealing subject to provider window.
- Credit24 / 100
Vault operator and provider counterparty exposure.
- Operational35 / 100
On-chain settlement and custody transfer risk.
- Concentration30 / 100
Single-commodity exposure.
Lifecycle event calendar
No scheduled lifecycle events in the current window.
Custody, register and valuation
- Custody model
- Institutional qualified custodian — segregated client wallet
- Register of record
- On-chain token register plus custodian position record
- Chain / network
- Ethereum (allowlisted contract)
- Valuation source
- Provider NAV feed (simulated) benchmarked to LBMA PM auction
- Valuation as at
- 2026-08-05 01:30 UTC
Eligibility and restrictions
- Eligible investor classes
- Professional Investors (HK) and equivalent institutional classes
- Jurisdictions
- Hong Kong, Singapore, UAE — subject to offer restrictions
- No retail distribution
- No unhosted wallet delivery
- Transfer only to allowlisted custody
Approved documents
Only the latest approved version may be used with clients.
- Offering memorandum (placeholder)v2.1 · 2026-06-18
- Term sheetv2.1 · 2026-06-18
- Risk disclosurev1.4 · 2026-05-02
- Custody confirmation templatev1.0 · 2026-03-11