Token structure for collateralizing gold on XRPL
Here is a comprehensive token structure for collateralizing gold on the XRPL (XRP Ledger) , designed for use under GOLDENBOY TRUST within your multi-jurisdictional gold vault network: GOLD-BACKED TOKEN STRUCTURE ON XRPL 1. Token Identity Feature Value Token Name GOLDENBOY GOLD (GBG) Issuer XRPL wallet controlled by GOLDENBOY TRUST multisig cold storage Ticker Symbol GBG Decimal Precision 6 (to allow fractional ownership) Total Supply Dynamically minted based on vaulted gold 2. Collateral Details Feature Description Underlying Asset 1 GBG = 1 gram of LBMA-certified physical gold stored in verified vaults Vault Locations Multi-jurisdictional: Curaçao, Dubai, Hong Kong, Nairobi, Cape Town, etc. Vault Verification Monthly third-party audit reports + hash-stamped documents uploaded to IPFS or XRPL memo fields Token Minting Rule Tokens are only minted after physical gold is securely stored and assigned to the trust account at vault Token Redemption Holders can redeem GBG for de...
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