GLDY represents a next-generation blockchain-enabled gold instrument featuring a yield-bearing component in addition to tracking changes in the spot price of gold. The token will be issued as a security and backed by physical gold, giving the token the intrinsic stability of physical gold with the income of institutional leasing. Issued under Rule 506(c) of Regulation D, GLDY will be available exclusively to accredited investors and institutions. Each token will be linked to one fine troy ounce of physical gold.