Eligibility file · Commodity

STRATO Gold and Silver (GOLDST, SILVST)

What the client owns

Title to and beneficial ownership of gold held under a bailment by BA Gold Enterprises Inc. in New York, one troy ounce per token on STRATO’s treasury page (the tokenization terms say one gram); Title to and beneficial ownership of one troy ounce of 999 fine silver per token, held under a bailment by BA Gold Enterprises Inc. in New York. Commodity receipt: A receipt for an allocated physical asset held by a custodian.

Who may hold it

US retail investors. First purchase minimum not stated. State coverage not confirmed by the issuer. The platform terms admit anyone 18 or over, or of age where they live, and entities, unless US law or local law bars them; US persons are not excluded. The documents require KYC only at physical redemption, where the person collecting must match the KYC data of the wallet. Tokens can be bought in fractions of an ounce. Redemption takes 100-ounce silver bars or two 1-ounce gold coins, collected in person in New York; Ethereum holders must bridge back to STRATO first.

Who can freeze or claw back

Ethereum GOLDST: can pause transfers, gate who may hold, mint, change the code. A 2-of-3 multisig can pause transfers. A 2-of-3 multisig can change the code with no delay.

How it exits

Redeem in kind. The current, verified holder of the tokens on STRATO books an appointment at least five business days ahead and collects the metal in person at the New York vault, showing ID that matches the wallet’s KYC data: SILVST in 100-ounce bars, GOLDST as two 1-ounce coins at a time. There is no shipping. The holder pays the vault’s redemption fees and taxes, which the terms do not quantify. STRATO may suspend redemption for regulatory, security, or force majeure reasons.. Settles in XAG (100-ounce bars, New York), XAU (1-ounce coins, New York).

Research and shelf status are on the memo: STRATO Gold and Silver (GOLDST, SILVST) Adverse research finding

Issuer

STRATO, Inc. (British Virgin Islands, company 2179057) under the tokenization terms; the platform terms name STRATO Nexus, Inc. (BVI, 2210755), and the vault letters are addressed to BlockApps, Inc. (Brooklyn, New York)

Registration

Not a security

Official record

No transfer agent

Instruments

GOLDST SILVST

Chains

STRATO, Ethereum

Reviewed

2026-09-23 · v1

Next review

2027-03-23

Who may buy, hold, transfer, and redeem

Each answer rests on the issuer’s own words, quoted from the document named under it. Ketju re-reads each document and records whether the words are still there. Where the documents say nothing, the row says so.

What the holder owns

The holder keeps title to and beneficial ownership of the metal, which the custodian holds under a bailment.

“Title to and beneficial ownership of the Precious Metals remain at all times with the Customer or lawful token holder.”

STRATO: Asset Deposit and Tokenization Terms (updated 2026-04-22) · Section 5 · words found 2026-09-23

What the holder owns

The same terms also say the metal is allocated but not segregated, which Section 5 contradicts.

“The silver and gold behind each token are held in approved vaults on an allocated, not segregated, basis.”

STRATO: Asset Deposit and Tokenization Terms (updated 2026-04-22) · Section 2 · words found 2026-09-23

Who may hold it

Anyone whose own law and US law do not bar them; US persons are not excluded.

“You can only use our Products to the extent the laws of your jurisdiction or the United States do not bar you from doing so.”

STRATO: Terms of Service (updated 2026-06-24) · Eligibility · words found 2026-09-23

First purchase minimum

No minimum to buy or hold; redemption takes 100 ounces of silver or two 1-ounce gold coins.

“physical redemptions to the current token holder are available only in standardized 100-ounce bars (in the case of SILVST) and two 1-ounce coins (in the case of GOLDST).”

STRATO: Asset Deposit and Tokenization Terms (updated 2026-04-22) · Section 8.2 · words found 2026-09-23

Account types

Individuals of age and entities.

“you represent that you are at least 18 years old or at the age of majority in your jurisdiction”

STRATO: Terms of Service (updated 2026-06-24) · Eligibility · words found 2026-09-23

Who it may be transferred to

Freely on STRATO unless the owner pauses the token; to Ethereum by locking the native token and minting a representation.

“Bridging out locks the token in a STRATO custody vault. A representation token is then minted on the external chain after an attestation.”

STRATO docs: Bridge guide · Native STRATO Tokens · words found 2026-09-23

How a holder redeems

In person at the New York vault only, with ID matching the wallet’s KYC data.

“STRATO requires all physical redemptions to be completed in person at our designated vaulting facility.”

STRATO: Asset Deposit and Tokenization Terms (updated 2026-04-22) · Section 8.3 · words found 2026-09-23

Who keeps the official record

The STRATO chain: redemption rights follow current, verified ownership of the tokens on STRATO, so Ethereum holders must bridge back.

“The right to physical redemption is strictly tied to current and verified ownership of the Precious Metals or metal tokens on the STRATO platform”

STRATO: Asset Deposit and Tokenization Terms (updated 2026-04-22) · Section 8 · words found 2026-09-23

What the issuer says it can freeze or take back

The terms are silent; the STRATO token code lets its owner burn any holder’s balance, and on Ethereum a 2-of-3 Safe can switch off transfers.

Not stated in STRATO: Asset Deposit and Tokenization Terms (updated 2026-04-22), STRATO: Terms of Service (updated 2026-06-24), STRATO: Treasury and Audits, STRATO docs: Bridge guide.

Fact	What the file records
Who onboards the holder	No onboarding
Voting rights	None
Distributions	None
SIPC coverage of the wallet	No

Who can change the record

Powers read from the deployed contracts and their verified source: the token and every contract it consults on transfer. A power recorded here is the issuer’s ability, not evidence it has been used.

Token	Chain	Freeze a holder	Pause	Claw back	Gate holders	Change the code	Keys held by
GOLDST	Ethereum	No	Yes	No	Yes	Yes	A 2-of-3 multisig can pause transfers. A 2-of-3 multisig can change the code with no delay.

Who holds the keys

Every current holder of each power, read from the chain on 2026-09-23. A single key is one private key: whoever holds it acts alone. A multisig needs the stated number of signers. A timelock makes every action wait, so holders can see it coming.

Token	Chain	Key	What it can do	Held by	Address
GOLDST	Ethereum	Admin role	grant and revoke these powers	a 2-of-3 multisig	0x95b4…bf55
GOLDST	Ethereum	Upgrader role	change the code	a 2-of-3 multisig	0x95b4…bf55
GOLDST	Ethereum	Transfer admin role	grant and revoke these powers, pause transfers, decide who may hold	a 2-of-3 multisig	0x95b4…bf55
GOLDST	Ethereum	Bridge role	mint new tokens	a contract	0x9915…712f

Ethereum GOLDST: 1 contract read at block 26042901, 4 functions in verified source, 2026-09-23

Read from the chain

eip1967.implementation=0xf5cb3aab38dcb3a1bd1040dc490f5c06114200a4

Read from verified source

setTransferEndpoint in verified source 0xf5cb…00a4
setTransfersEnabled in verified source 0xf5cb…00a4
mint in verified source 0xf5cb…00a4
upgradeToAndCall in verified source 0xf5cb…00a4

Where it trades

Venue	Kind
STRATO app (app.strato.nexus): purchase and pools on the STRATO chain	issuer primary
Coinstore (GOLDST/USDT)	exchange
Uniswap v4 on Ethereum (SILVST/USDC; GOLDST against USDT and XAUT)	dex

How it exits

Path	Settlement	Settles in
Redeem in kind	The current, verified holder of the tokens on STRATO books an appointment at least five business days ahead and collects the metal in person at the New York vault, showing ID that matches the wallet’s KYC data: SILVST in 100-ounce bars, GOLDST as two 1-ounce coins at a time. There is no shipping. The holder pays the vault’s redemption fees and taxes, which the terms do not quantify. STRATO may suspend redemption for regulatory, security, or force majeure reasons.	XAG (100-ounce bars, New York), XAU (1-ounce coins, New York)
Secondary market only; no issuer redemption	Holders who do not redeem sell in the STRATO pools against USDST, on Coinstore (GOLDST/USDT), or in Uniswap pools on Ethereum after bridging.	USDST, USDT, USDC

Reopen conditions: events that change an answer above

On Ethereum, the implementation behind the GOLDST or SILVST proxy changes, the 2-of-3 Safe 0x95b47c329286128d9ee628770b13dd4d795cbf55 changes, the bridge 0x991513a7fb8793fc75955821bbef488f0aa0712f changes, or transfers are switched off
On STRATO, the owner burns a holder’s balance or pauses a token
STRATO publishes no vault letter after 2026-06-25 by the end of the next quarter, or native SILVST supply (59,790 on 2026-09-23) stays above the silver last confirmed (59,536 oz)
STRATO revises the tokenization terms, above all the ownership, segregation, or GOLDST unit clauses, or names a different custodian or issuer
The Ketju reader gains a STRATO reader, and the native contracts can be read directly

What the monitor reads daily

Every control function in the table above and the contracts the token consults on transfer; the token’s on-chain supply against yesterday’s; and its market quote against yesterday’s quote. Every document quoted above is re-read too, and a quote that leaves its document reopens the file. A change opens a review item in the governance queue and reopens the file before any client action.

Sources

STRATO: Asset Deposit and Tokenization Terms (updated 2026-04-22) · primary · accessed 2026-09-23
Supports: operated by STRATO, Inc., BVI 2179057, title and beneficial ownership stay with the holder, bailment, custodial capacity only, allocated, not segregated (Section 2) against segregated custody (Section 5), GOLDST set at one gram in Section 2, not securities, redemption in person, 100-ounce bars or two 1-ounce coins, KYC match at collection, quarterly audit reports
STRATO: Terms of Service (updated 2026-06-24) · primary · accessed 2026-09-23
Supports: STRATO Nexus, Inc., BVI 2210755, eligibility under US and local law, age 18 or majority, disclaims operating bridges
STRATO: Treasury and Audits · primary · accessed 2026-09-23
Supports: BA Gold Enterprises confirms 6,289 oz gold and 59,536 oz silver (2026-06-25), supply reconciled in troy ounces
STRATO docs: Bridge guide · primary · accessed 2026-09-23
Supports: bridging locks the native token and mints a representation after an attestation
STRATO blog: SILVST is now on Ethereum (2026-09-10) · primary · accessed 2026-09-23
Supports: Ethereum SILVST and GOLDST addresses
STRATO docs: Contract addresses · primary · accessed 2026-09-23
Supports: native GOLDST and SILVST addresses on STRATO, more than one token uses the GOLDST symbol
strato-net/strato-platform: Token.sol (develop branch) · primary · accessed 2026-09-23
Supports: owner may burn any holder’s balance, owner may pause, owner may mint

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