Instrument · TM Vault Token
1:1 title to allocated physical metal and stones.
A title-bearing token to 1:1 allocated physical metal or stone held by a third-party accredited custodian. The holder owns the allocated asset. TMVT is not a note and the holder is not a creditor of T-Mines.
UNDERLYING
Specific allocated units — numbered bars for gold, silver and platinum, or individually graded, certificated parcels for diamonds, emeralds and other precious stones.
CUSTODY & PERFECTION
Held 1:1 by a third-party accredited custodian acting as bailee/warehouse. Governed by UCC Article 7 as a Document of Title — not Article 9, because there is no debt to secure. Backing is Allocated, never unallocated.
TOKEN-STANDARD SPLIT
Metals ride fungible ERC-3643 — quantity-level title, with bar allocation recorded in an attestation layer. Stones use ERC-3525 — one certificated stone per slot/tokenId, GIA certificate referenced.
ECONOMICS & LIFECYCLE
None. No coupon, term, maturity or holding period. "Redemption" is physical delivery or transfer of title; "resale" is transfer of the token, which is the title. Price reference is independent — LBMA AM/PM fix or COMEX for metals, a GIA-based reference for stones.
REGULATORY LAYER
A metals-and-stones regime the security instruments do not trigger: the BSA dealer regime (31 C.F.R. Part 1027), OECD Gold Supplement and LBMA Responsible Gold Guidance, and the Kimberley Process for rough diamonds.
PRIMARY RISK
Any slip from allocated to pooled or unallocated custody silently converts owners into unsecured creditors — the precise failure mode TMVT exists to avoid. Continuous proof-of-collateral attestation is mandatory.
Comparables: Pax Gold, Tether Gold and other allocated, metal-backed token programs. TMVT is documented as commodity title, not a security; classification follows economic substance, not the token standard chosen.