Goldfish

Split confidence — primary (the GGBR/I-ON Digital relationship and Wyoming incorporation) / reported (the specific 'Master Treasury Lease and Custody Agreement' name)

Confirmed via a real SEC 8-K exhibit filed by I-ON Digital Corp (OTCQB: IONI): GGBR Inc. (Wyoming) and I-ON Digital Corp are separate, independent companies — not a parent/subsidiary structure — connected by a commercial monetization/leasing agreement (reported elsewhere as a 'Master Treasury Lease and Custody Agreement,' entered July 2025) under which GGBR monetizes I-ON Digital's ION.au gold-asset-backed security. No support found for CoinMarketCap's 'BVI Corp' description of GGBR Inc. — likely inaccurate.

1 GGBR = 1/1000th of a troy ounce of gold (a much smaller denomination than PAXG/XAUT/Matrixdock's 1 oz per token).

Confirmed via I-ON Digital's own SEC 8-K exhibit: ION.au (the asset Goldfish's 5:1 collateral coverage draws on, via a staking process) is explicitly described in the issuer's own filing as 'a regulatory-compliant asset tied to in-situ gold reserves.' This confirms DefiLlama's and CryptoRank's characterizations as accurate; Coinbase's 'held directly on the balance sheet' description appears to be an imprecise simplification, not consistent with the primary source. Standing, now-confirmed caveat: 'in-situ' means unmined, in-ground mineral deposits — fundamentally less liquid and harder to independently value than the vaulted bullion every other researched gold token (PAXG, XAUT, Kinesis, Matrixdock) actually holds. This remains worth a prominent watch flag, now on firmer evidentiary footing.

Resolved: there is no traditional bullion vault/custodian because the backing model does not involve extracted/vaulted gold. Digital token/wallet custody is Fireblocks MPC (as previously known). The underlying physical-gold claim is instead secured via a UCC-1 lien filed against ION Treasury's in-situ reserves — a legal/financial security interest, not physical vault custody, and a meaningfully different (weaker, less liquid) form of backing than a named bullion vault.

Split confidence — reported (smart-contract audits exist) / unknown (no financial/reserve auditor found)

Sharpened: CertiK and Cyfrin are real, confirmed smart-contract (code) security auditors for Goldfish, with public reports. However, no independent financial/reserve auditor verifying the actual gold-backing value or the claimed 5:1/beyond-100% collateralization ratio was found — a materially different and more specific gap than 'no audit,' since a code audit and a reserve-value audit answer different questions. Every other gold token researched (PAXG, XAUT, Kinesis, Matrixdock) has the latter kind; Goldfish does not appear to.

One source states tokens can be redeemed for physical gold 'through regulated dealers, such as Monex, with low fees' — this appears nowhere in the project's own site content fetched and should be independently confirmed before publishing.

None found stated — GGBR appears to be a pure price-tracking token with no issuer-paid yield.

ERC-20 on Ethereum.