▶️ VNX Gold transfers

VNX Commodities AG’s consent is not required for VNX Gold transfers. However, the token holder must notify and disclose the details (email and name) to VNX Commodities AG in case of a VNX Gold transfer. Each new recipient (if not known to VNX Commodities AG) will receive an email notification from VNX Commodities AG with an invitation to register a user account on the VNX Platform.

If the former token holder fails to notify VNX Commodities AG about the details of the new recipient and/or the new recipient of VNX Gold fails to open a user account on the VNX Platform and comply with eligibility requirements as stipulated by the Terms and Conditions, VNX Commodities AG as custodian won’t be able to update the information on the gold/token holder. Therefore, the new VNX Gold holder won’t be able to submit the gold sale, collection, or delivery requests through the VNX Platform or use VNX Commodities AG’s other services.

The VNX Gold token holder, who has the right of disposal over the VNX Gold token, is the only lawful owner of the gold; no other person may claim sale, collection, or delivery of the gold or otherwise transact with VNX Commodities AG with respect to gold on the VNX Platform.