Questions and answers.
What GGBR is, the gold behind it, and how to buy, hold and redeem it. Answers checked 29 Oct 2026. Can’t find yours? Contact us.
GGBR, simply explained
Start with the product and the goal.
What is GGBR?
A digital token on Ethereum, made by Goldfish. Each GGBR represents 1/1,000 of an ounce of gold, so any dollar amount can go into gold. You keep the token in your own wallet. It is not a bar in a vault.
Do I need to buy a whole ounce?
No. One GGBR represents a thousandth of an ounce, and you can buy as many or as few as you like. The app or market you use sets its own order sizes and fees.
How does GGBR’s value change?
With the gold price. Each GGBR represents 1/1,000 of an ounce of gold, so its value follows the price of gold. The price you can trade GGBR at can also differ from the gold price, because of liquidity, spreads and the venue.
How is this different from buying a bar?
A bar gives you a particular physical piece to possess or store. GGBR gives you a digital holding under the stated reserve and trust model. The legal rights, trading routes, costs and physical-delivery process differ.
What does the first-ounce calculator show?
It estimates the first whole week when your starting amount and weekly contributions reach a one- or ten-ounce equivalent holding, using a constant gold reference. It does not place or schedule purchases.
What is the project trying to achieve?
Goldfish aims to make gold-backed holdings accessible in small digital units, with the flexibility to hold, trade or request physical gold through a separate dealer route.
What are your plans?
Goldfish does not publish a roadmap. This site describes GGBR as it is today, and changes are announced when they are live: on X and in The Goldfish Briefing, the weekly newsletter.
Backing and trust
Understand what is reported and how to inspect it.
What backs GGBR?
1,000,000 troy ounces of in-situ gold held by the GGBR Trust, at the Happy 2 claims in Arizona. Every GGBR holder is a beneficiary of the trust. The figure comes from the company; the geological, title and trust documents are the evidence behind it.
What does “beneficiary” mean here?
Goldfish describes GGBR holders as beneficiaries of the GGBR Trust, with fiduciary duties owed by its trustee. The governing documents determine the legal rights, jurisdiction, enforcement and limitations. A public marketing description is not a substitute for those documents.
Where is the gold?
In the ground at the Happy 2 claims in Pinal County, Arizona. It has not been mined, and it is not held as bars in a vault.
How can I check the evidence?
Use the token explorer for supply and transactions; trust and offering documents for holder rights; claim/title records for ownership; and the Qualified Person’s technical report for gold quantity and assumptions. Smart-contract audits answer a different question.
Can I identify a particular ounce behind my token?
The token is fungible. Corporate guidance says it does not assign a unique identified ounce to each token. Review the reserve and rights for the overall arrangement rather than treating a wallet token as a serial-numbered bullion bar.
How often is the gold reserve checked, and by whom?
An independent Qualified Person assessed the reserve under the NI 43-101 standard, as the company states. The company says the geologist who wrote the technical report also makes the on-site checks. It has not published a schedule for them.
Ask for the Qualified Person’s report and the date of the latest site visit: [email protected].
How do I know GGBR is not over-minted?
The supply is public. Every GGBR minted or burned shows on Ethereum, and the transparency page reads the supply live from the contract. Minting adds GGBR against collateral, and the trust and reserve documents set out the gold the GGBR Trust holds.
Ask for those documents: [email protected].
Buying and trading
Choose a route and review the actual quote.
Do I need a crypto wallet?
No. Sign in with your email or Google and we create a wallet for you, and your GGBR arrives in it.
If you already have a wallet such as MetaMask, you can connect that one instead and your GGBR goes there.
The wallet is yours either way: the app shows its address and your GGBR balance any time, with a link to view it on Etherscan, and you can sell your GGBR or redeem physical gold whenever you want.
Where do I buy GGBR?
Select Buy GGBR at the top right of the menu, and sign in with your email or the crypto wallet of your choice. You can pay by credit or debit card, by bank transfer or in crypto.
For large or institutional purchases, contact us for execution through the OTC desk.
Does the app require identity verification?
Yes, for some purchases. Identity verification (KYC/AML) is required for all crypto-to-crypto purchases, and for purchases in US dollars or euros over $500.
A random security check, or an automatic flag from one of the banks that process payments, can also ask you to verify your account before an order settles.
What can I pay with?
Goldfish accepts ETH, USDC, USDT and Bitcoin, and US dollars and euros by card or bank transfer. You do not have to fund a wallet first.
Pay from a crypto wallet you already have, or sign in with your email and we create a wallet for you. Your GGBR arrive in that wallet when the purchase settles.
What is the official token address?
The corporate website publishes 0x7e2ac793f3E692f388e66c7DC28F739d13B0B71A for GGBR on Ethereum. Verify the full address and network before approving.
Are there minimums, maximums or fees?
Actual purchase limits depend on the service or trading venue. Platform charges, spreads and blockchain network fees can apply. Review the final quote and transaction rather than assuming that fractional divisibility means a cost-free or unrestricted order.
What about a larger purchase or sale?
Buying $25,000 or more? The Goldfish trading desk fills large orders. Email [email protected] for a quote and its conditions. This website does not promise a guaranteed best price, fixed spread or zero slippage.
How is the gold link maintained?
The company describes gold-price references, managed liquidity and arbitrage. These mechanisms are intended to support price alignment; they do not guarantee the execution price, market depth or the ability to sell a particular amount immediately.
Using and redeeming GGBR
Cash conversion and physical delivery are different routes.
Can I convert GGBR to cash?
You may sell GGBR through an available market into another asset, such as USDC or USDT, then use a cash withdrawal service. Each step has its own eligibility, fees, timing and banking requirements.
Can I receive physical gold?
Yes, from 10 troy ounces, or 10,000 GGBR. The GGBR you redeem are burned. An identity check, the product, the delivery address and a full quote come first.
What will delivery cost?
Physical redemption runs through our regulated partners and has a standard 3% service fee, paid by the holder.
Will the calculator order a coin or ten-ounce bar for me?
No. It illustrates a GGBR-equivalent goal. Reaching it does not schedule purchases, submit a redemption request or guarantee a particular physical product.
Does redemption mean the reserve is mined?
No. A physical redemption needs no mining or extraction at the Happy 2 Mine Project. Your GGBR are redeemed, and our network of regulated dealers delivers physical bullion to you. The in-situ gold reserve behind GGBR is not touched.
Wallets, code and controls
Know the network and protect your access.
What network is GGBR on?
GGBR runs on Ethereum Mainnet. Expansion to more chains is planned.
Which wallet can hold GGBR?
You do not need to choose one to start: the wallet we create when you sign in holds GGBR. If you would rather use your own, the source recommends compatible Ethereum wallets such as MetaMask, Uniswap Wallet or Ledger.
Verify the full token address, protect recovery information and check approvals carefully. Wallet safety and third-party platform safety are separate responsibilities.
Is the supply fixed?
No. GGBR supply grows through collateralized minting: new GGBR are minted against the in-situ gold reserve. GGBR redeemed for physical gold is burned, which reduces supply.
Where are the code audits?
The Security page links the published CertiK and Cyfrin reports with their dates, scope and findings. Audit reports do not certify reserves or eliminate all administrative, operational or security risks.
What is Aurum Safeguard?
Aurum Safeguard is a token reserve intended to offset eligible protocol-breach losses, with a published design allocation of 10% of minted supply. It excludes third-party breaches and user-caused losses. It is not an unconditional payout or proof of independent insurance.
How do I report a vulnerability?
Use the published private disclosure routes and review the bounty scope before testing. Provide a reproducible description without destructive activity. Reward amounts and eligibility are subject to the program conditions.
The company
Who runs Goldfish, and where.
How is Goldfish verified and regulated?
Goldfish is run by GGBR, Inc., a company registered in Wyoming, USA (2025-001695193). GGBR, Ltd. in the British Virgin Islands issues the token. CertiK and Cyfrin audited the smart contracts and published their reports, and the GGBR Trust holds the gold for GGBR holders.
Check the records yourself, and read the risks: GGBR has its own market price, and it can differ from the gold price.
Who is behind Goldfish?
Three principals lead it: Doug Yates (structuring and governance), Peter Mikhailenok (digital asset infrastructure) and Colin Breeze (securities and regulatory counsel). Joah Santos is the Chief Marketing Officer. GGBR, Inc. manages Goldfish, GGBR, Ltd. issues GGBR, and GGBR Holdings, Inc. provides the Happy 2 claims to the GGBR Trust.
Where is Goldfish based?
GGBR, Inc. is a Wyoming company. Its registered office is at 7302 Yellowstone Road, Cheyenne, WY 82009, USA. The issuer, GGBR, Ltd., has its registered office at Craigmuir Chambers, Road Town, Tortola VG1110, British Virgin Islands. The gold is in Pinal County, Arizona.
Which company manages and issues GGBR?
GGBR, Inc. in Wyoming is the manager and GGBR, Ltd. in the British Virgin Islands is the issuer.
Terms, privacy and eligibility
Read the applicable documents in full.
Can anyone in any country buy?
Yes, $GGBR is available for purchase worldwide using fiat or cryptocurrency. However, due to international regulations and compliance requirements, residents of the following countries are restricted from purchasing:
Restricted Jurisdictions: Cuba, Iran, Nigeria, North Korea, and Russia.
What is the legal classification of GGBR?
Goldfish ($GGBR) is legally classified as gold-backed tokenized asset (not a fiat-pegged payment stablecoin) operating in compliance with Wyoming and BVI legal structures. Aligned with the U.S. GENIUS Act of 2025, $GGBR is backed 100%+ by physical in-situ gold reserves rather than fiat currency. It is not a security or federally insured deposit, and it offers full token redeemability without paying direct holding interest. Regular legal audits ensure strict operational compliance and transparent gold exposure.
What about taxes?
How taxes apply depends on your country and transaction type. Users are responsible for reporting and paying any taxes due under their local laws. Please check out our terms for details and consult a tax advisor for guidance tailored to your setup.
How does GGBR fit the GENIUS Act?
Under the GENIUS Act of 2025, commodity-backed tokens like Goldfish are defined as non-securities and are not federally insured. Our protocol architecture supports full physical and value redeemability while strictly complying with regulations prohibiting issuer interest payments. Through annual independent audits, Goldfish meets all federal disclosure standards, establishing $GGBR as a compliant utility token for direct commercial gold exposure.