GGBR Transitions to Gold-Backed Trust, Holds 1 Million Troy Ounces

GGBR has transitioned the collateral structure of its Goldfish token (GGBR) from a third-party token leasing model to a 'GGBR Trust' basis. The trust has announced that it holds 1 million troy ounces of non-mined gold derived from its stake in the Happy 2 mine in Arizona, USA. The new structure will take effect from August 19, 2026, and all token holders will become beneficiaries of the trust in proportion to their holdings. The trust is managed by Le Petit Bouffant, Ltd. According to the official collateral page of Goldfish, the trust holds 'in-situ gold' linked to the Happy 2 mine stake, which refers to unmined underground gold resources. The previous third-party issued token leasing model was supported by I-ON Digital Corp.'s ION.au digital assets backing the issuance of Goldfish tokens, but this has now been replaced. I-ON Digital's Q3 2025 report includes information that GGBR has leased up to 1 million ION.au assets. GGBR has stated that the new trust structure provides token holders with clearer gold claims. However, additional information is needed regarding the relationship between the existing ION.au collateral release process and the new trust structure. Currently, the publicly available information is limited to the company's announcement of structural changes and descriptions on the official webpage.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.