VAULT EXAMINATIONS

Vault Examinations 2020-02-19T23:06:38+00:00

Physical, in-person, monthly examinations by an independent auditing/accounting firm ensures that for every LD2 token issued, exactly one ounce of .999 fine physical silver is on deposit at the depository. The auditor also verifies that the total number of burned tokens equals the number of ounces shipped by the depository during token redemptions.

In addition to the examination reports the auditor and depository both independently update the smart contract. Each monthly examination report, beginning in May 2018, is available as a PDF below.

Date Report Transaction
May 2018 View / Download the Report 0x1e4b1944672f7c59aa119d3d9a18901c2cb8e62661e8526509e5aa1148579ad0
June 2018 View / Download the Report 0x810c58958e6ccf62c1fcad92900690712fd789a611c5c9b46b1390767ecba349
July 2018 View / Download the Report 0x9cb55980d5fd75f27d3b63d667559c4381d44a7745261dcf25be72012ee1d697
August 2018 No report created pending launch of redemption.
October 2018 View / Download the Report 0x1a302b9a22d1f27c51aa6030c345114aa45c109bcdd9456a55d622331258510f
December 2018 View / Download the Report 0x24524ba4cd8b83d1f3b7aad29807acd37643bf84e8b4f2fc00ff20e737f5313c
January 2019 Vault Examination Memorandum N/A
February 2019 View / Download the Report 0x87b7bb7769a5e2f212d8e131150b33ed634f8e459d0d8c83943eea81f3b95338
March 2019 View / Download the Report 0x3a9aa64a5cf119a52bc2d43eafc6be5232e798288234eed33ed7d9fe4eaa0bfe
April 2019 Redemption paused for Sunshine Minting to relocate metals to Las Vegas, NV.
May 2019 Redemption paused for Sunshine Minting to relocate metals to Las Vegas, NV.
June 2019 Sunshine Minting completed relocating metals to Las Vegas, NV. New auditor acquired.
July 2019 View / Download the Report 0x17cdd760ebdf9d1acc7073d2c8517c01d53ba4bd78e0d1e9c6f099435cfad681
August 2019 View / Download the Report 0xaee8ed78ea5410851eba144dee0729c7680a1bd79c8c884d03db6739f7c9a034
September 2019 View / Download the Report 0x7cb40e6ff96eb620f8e7a536d49c7a2c06d96ae46c0b687cc5c353c3f17619b9
October 2019 No report issued.
November 2019 View / Download the Report 0x73aca7b5ea38126bdfbec65d26fd5abeeb6db6b4a4f390b5c00f7ecd5a198880
December 2019 View / Download the Report 0x0e5df41cd8f75de62b52b234613e490145dbdfaf5cc1139bee214dd7bb52f7a1
January 2020 View / Download the Report 0x0257bde7b9beae54b037e28599e6c5e7d1cfb52e966d60824711b57a24abd733