Eligibility file · Commodity

GoldZip (XGZ)

What the client owns

A contractual right to exchange 1,000 XGZ for one 1 kg bar of 999.9 gold from GoldZip Digital; the terms deny the holder any proprietary interest in the bars the Administrator holds. Third-party synthetic: A note or swap that pays like the security and carries no rights in it.

Who may hold it

US retail investors. First purchase minimum not stated. State coverage not confirmed by the issuer. Anyone may hold XGZ on chain except citizens and residents of Hong Kong, whom the terms exclude; the terms name no other excluded country. Minting from GoldZip requires KYB, so it is open to companies only. Redeeming requires onboarding with KYC and AML checks and at least 1,000 XGZ (one 1 kg bar, about $135,000 on 2026-09-23). The smallest amount that can be held or sent is 0.00000001 XGZ.

Who can freeze or claw back

Ethereum: can freeze a holder, pause transfers, claw back, mint, change the code. A contract can pause transfers.

How a holder redeems

Redeem in kind. An onboarded user opens a redemption ticket in the GoldZip portal. Within 72 hours, the user deposits 1,000 XGZ per 1 kg bar plus a non-refundable redemption fee and signs a waiver of all claims against GoldZip. The user then collects the bar in person or by agent at Brink’s Singapore (Kaki Bukit Road) on a booked weekday. Title passes only on collection. A missed collection costs a late fee. Two misses within 30 days void the redemption, and a failed-collection fee comes out of the deposited tokens. Settles in XAU (1 kg bars of 999.9 gold, collected in Singapore).

Subscribers see which of their clients hold this program and whether each household qualifies under these terms, and Ketju emails them when the file changes. $299 per firm per month, first 30 days free.

The verdict is on the memo: GoldZip gold token (XGZ) Not approved

Issuer

GoldZip Digital Pte Ltd (Singapore, UEN 202119588Z), a wholly owned member of the Hong Kong Gold Exchange Limited group, acting as Administrator

Registration

Other

Official record

No transfer agent

Instruments

XGZ

Chains

Ethereum

Reviewed

2026-09-23

Next review

2027-03-22

Eligibility

Each answer quotes the issuer’s own words from the document named under it. Ketju reads each document again and records whether the words are still there. Where the documents say nothing, the row states that.

What the holder owns

A right to redeem whole bars from GoldZip on its terms; the holder owns no gold and has no claim to the value of the bars GoldZip holds.

“No person, including any User, shall have a proprietary interest in any of the Good Delivery Bar(s) held by the Administrator or any of the Administrator Associates”

GoldZip: Terms and Conditions (site script that renders goldzip.info/terms-conditions) · Terms and Conditions, Clause 4.2, User’s Right to Redeem · words found 2026-10-16

What the holder owns

If GoldZip winds down, every token loses its legal effect, whether or not a redemption is under way.

“any GoldZip token(s) held by a User shall be deemed perfunctory and without legal effect”

GoldZip: Terms and Conditions (site script that renders goldzip.info/terms-conditions) · Terms and Conditions, Clause 5, Suspension, Winding Down of the Administrator’s Operations · words found 2026-10-16

Who may hold it

Anyone except citizens and residents of Hong Kong; no other country is named.

“That such User is not a citizen or resident of Hong Kong.”

GoldZip: Terms and Conditions (site script that renders goldzip.info/terms-conditions) · Terms and Conditions, Clause 6, General Use of GoldZip Tokens · words found 2026-10-16

First purchase minimum

No minimum to hold; 0.00000001 XGZ can be held or sent. Minting takes KYB and redemption takes 1,000 XGZ.

“You can own or transfer amounts as small as 0.00000001 grams of gold”

GoldZip Docs (GitBook, full text) · Features, Ease of Divisibility · words found 2026-10-16

Account types

Only companies can mint, because minting takes KYB; individuals can buy on exchanges and redeem after KYC.

“In order to mint $XGZ, you will need to pass KYB requirement.”

GoldZip Docs (GitBook, full text) · Get Your $XGZ · words found 2026-10-16

Who it may be transferred to

Freely, as an ERC-20 token, less a 0.01% fee the sender pays, unless GoldZip has frozen the address or paused the token.

“Transfer: Standard ERC-20 transfers with 0.01% sender fee.”

GoldZip Docs (GitBook, full text) · Mint, Burn & Transfer · words found 2026-10-16

How a holder redeems

Whole 1 kg bars only, 1,000 XGZ each plus a fee, collected at Brink’s Singapore after onboarding.

“The minimum redemption amount shall be one (1) Good Delivery Bar.”

GoldZip: Rules relating to GoldZip tokens (site script that renders goldzip.info/goldzip-rules) · Rules, Rule 3, Redemption Terms and Process · words found 2026-10-16

What the issuer says it can freeze or take back

GoldZip may render any Prohibited User’s tokens ineffectual without notice. On chain, the owner can freeze any address and then burn its balance with forceBurn.

“take any action necessary to ensure that (i) such User is ceased from the platform; and (ii) GoldZip tokens held by such User are rendered ineffectual”

GoldZip: Terms and Conditions (site script that renders goldzip.info/terms-conditions) · Terms and Conditions, Clause 8.1.2 · words found 2026-10-16

Fact	Answer
Who onboards the holder	No onboarding
Voting rights	None
Distributions	None
SIPC coverage of the wallet	No

Who controls it

Ketju read these powers from the deployed contracts and their verified source code: the token and every contract it checks on a transfer. A power listed here is something the issuer can do; it does not mean the issuer has used it.

Chain	Freeze a holder	Pause	Claw back	Gate holders	Change the code	Keys held by
Ethereum	Yes	Yes	Yes	No	Yes	A contract can pause transfers.

Who holds the keys

Ketju read every current holder of each power from the chain on 2026-09-23. A single key is one private key, and whoever holds it acts alone. A multisig needs the stated number of signers. A timelock delays every action, so holders can see it before it takes effect.

Chain	Key	What it can do	Held by	Address
Ethereum	Owner	grant and revoke these powers, pause transfers	a contract	0xd173…0778

Ethereum: 3 contract reads, 5 functions in verified source, 2026-09-23

Read from the chain

eip1967.implementation=0x29ed41cb1013a4df63d87b82346b384847db7511
owner()=0xd173e69192b9ff22069aa913ef6e6e94b19f0778
paused()=false

Read from verified source

freezeAccount in verified source 0x29ed…7511
pause in verified source 0x29ed…7511
mint in verified source 0x29ed…7511
upgradeToAndCall in verified source 0x29ed…7511
forceBurn in verified source 0x29ed…7511

Where it trades

Venue	Kind
GoldZip portal (portal.goldzip.app): minting for KYB-verified companies and redemption	issuer primary
MEXC (XGZ/USDT)	exchange
Uniswap on Ethereum (XGZ/USDT and XGZ/PAXG pools)	dex

Redemption

Route	Settlement	Settles in
Redeem in kind	An onboarded user opens a redemption ticket in the GoldZip portal. Within 72 hours, the user deposits 1,000 XGZ per 1 kg bar plus a non-refundable redemption fee and signs a waiver of all claims against GoldZip. The user then collects the bar in person or by agent at Brink’s Singapore (Kaki Bukit Road) on a booked weekday. Title passes only on collection. A missed collection costs a late fee. Two misses within 30 days void the redemption, and a failed-collection fee comes out of the deposited tokens.	XAU (1 kg bars of 999.9 gold, collected in Singapore)
Secondary market only; no issuer redemption	Holders below 1,000 XGZ, or who are not onboarded, sell on MEXC (XGZ/USDT) or in the Uniswap pools GoldZip lists (XGZ/USDT and XGZ/PAXG). HKGX member traders act as market makers.	USDT, PAXG

Review triggers

The implementation behind 0x69af64f409c08E9076bF7f3ed9Db3a7409717161 changes, or the owner contract 0xd173e69192b9ff22069aa913ef6e6e94b19f0778 changes
The transfer fee is raised from 0.01%; the contract lets the fee controller set it as high as 100%
GoldZip freezes or force-burns an address, or pauses the token
GoldZip publishes an attestation of the bars behind XGZ, names a vault other than Brink’s Singapore, or changes the 1,000 XGZ per bar rate
GoldZip publishes notice of suspension or wind-down, after which its terms say the tokens carry no claim
The Terms and Conditions or Rules change, above all the clause that denies holders a proprietary interest in the bars

Daily checks

Every day Ketju reads each control function in the table above and the contracts the token checks on a transfer. Ketju compares the token’s on-chain supply with yesterday’s, and its market quote with yesterday’s quote. Ketju also reads every document quoted above and reviews the file again if a quoted passage disappears from its document. Ketju counts a new, removed, or changed key as a change only when the chain’s own log shows the grant, revocation, or signer change since yesterday. If the log does not show it, Ketju updates the key list in this file and does nothing more. A change opens a review before any client action. Subscribers get an email that names each of their clients who hold the token, with the household result.

File history

Ketju has not revised this file since filing it. If Ketju revises it, the earlier version stays as published, with the reason.

Date	Change
2026-09-23	Filed.

Sources

GoldZip: Terms and Conditions (site script that renders goldzip.info/terms-conditions) · primary · accessed 2026-09-23
Supports: GoldZip Digital Pte Ltd, UEN 202119588Z, Administrator, no proprietary interest in the bars, title passes only on collection, wind-down leaves tokens without legal effect, not for citizens or residents of Hong Kong, tokens of a Prohibited User rendered ineffectual, not a security, debt, or derivative
GoldZip: Rules relating to GoldZip tokens (site script that renders goldzip.info/goldzip-rules) · primary · accessed 2026-09-23
Supports: redemption ticket, 72-hour deposit, waiver, minimum one Good Delivery Bar, collection at Brink’s Singapore, late and failed collection fees, suspension and wind-down notices
GoldZip Docs (GitBook, full text) · primary · accessed 2026-09-23
Supports: issued by GoldZip Digital Pte. Ltd., HKGX group, 1 XGZ = 1 gram of 99.99% gold, official contract address, 0.01% transfer fee, 1,000 XGZ per bar redemption, KYB to mint, not available to Hong Kong residents
GoldZip: goldzip.info home page · primary · accessed 2026-09-23
Supports: Etherscan link to the token contract, Uniswap listing
XGZ implementation on Ethereum (Sourcify exact match) · primary · accessed 2026-09-23
Supports: freezeAccount and forceBurn of a frozen account, owner holds every role, transfer fee settable up to 100%, UUPS upgrade by owner

Every file is public. With a subscription, Ketju checks each of your households against the file and checks the file every day. $299 per firm per month, first 30 days free. Start the trial.