- MDD
- -5.20%
- Sharpe
- 1.41
- Win rate
- 71.0%
- Vol 30D
- $7.14M
- Age
- 589d
- Skin in game
- 9%
- Perf fee
- 0%
- Lockup
- 3d
- Depositors
- 10
- Leader
- Description
- Allocated gold held through a tokenized wrapper with monthly vault attestations. Beta to gold, plus wrapper risk.
- Cash-like first. Overlay gold beta only when real rates compress.
- Process
- Fully allocated, no leverage, redemption window weekly, attestation monthly.
- Custody
- Capital enters a MAIN illustration account, subscription moves to STRATEGY, exits return to MAIN then redeem. Segregation is illustrative.
| Market | Side | Size | Entry | Mark | uPnL (ROE) | Liq. price | Margin |
|---|---|---|---|---|---|---|---|
| XAU | short | $102,532 | 2,483.57 | 2,480.00 | $147.25 +1.20% | 3,178.97 | $12,304 |
| PAXG | long | $42,086 | 2,482.40 | 2,478.00 | -$74.54 -1.48% | 1,787.33 | $5,050 |
Community & manager updates
The manager's market reads, rebalance records and monthly letters, alongside depositors' discussion. All simulated.
Discussion
8 posts · 6 replies · 8 participants · Last activity 3 Sept 2026
- 5 Sept 2026via iPhone
Attestation published for Tokenized Gold: fully allocated, no leverage, redemption window as scheduled. Wrapper risk is real and stated on the factsheet.
Sized this at a few percent of NAV next to cash-like. The 3-day lockup keeps me from doing anything stupid.
Checked this against the fills. Consistent with the letter.
- 3 Sept 2026via Web
How would you size Tokenized Gold inside a book that already holds $Orbit Liquidity Provider (OLP)$ as ballast?
Both are ballast, so split by liquidity need: OLP redeems in 3 days, this sleeve in 3. Keep the part you might need sooner in OLP.
- 3 Sept 2026via Web
Scheduled rebalance, largest moves listed.
Market Side Fill Weight XAU short 2,466.58 19.0%→12.0% PAXG short 2,484.05 49.0%→53.0% Rebalanced 3 Sept 2026 - 1 Sept 2026via iPhone
What does the worst week look like for Tokenized Gold? The published -5.2% max drawdown is a number, not a story.
The -5.2% was a two-week episode with the stop doing its job on day nine. The story is on the factsheet under Process; the fills are on-chain.
- 31 Aug 2026via Web
August letter for Tokenized Gold: +2.3% for the month, intramonth drawdown inside budget, no rule changes. Fees and lockup unchanged: 0% performance, 3-day lockup. Full attribution is on the factsheet.
Attribution before excuses. Thank you.
- PorticoDepositor · 2026-0229 Aug 2026via Web
Redeemed 20% last month for a tax bill and it paid T+1 after the 3-day lockup, exactly as written. Re-depositing next week.
Agree, and the fills match the published book, which is the only thing I actually check.
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.
Duration and tokenized T-bill sleeves. Conservative by construction.
- Official posts
- 4
- Replies
- 2
- Last post
- 5 Sept 2026
Attestation published for Tokenized Gold: fully allocated, no leverage, redemption window as scheduled. Wrapper risk is real and stated on the factsheet.All vaults by this manager
Latest rebalances
Fills and weight changes the manager published
| Market | Side | Fill | Weight |
|---|---|---|---|
| XAU | short | 2,466.58 | 19.0%→12.0% |
| PAXG | short | 2,484.05 | 49.0%→53.0% |
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.