The Royal Mint Responsibly Sourced Physical Gold ETC carries out ground-breaking physical gold redemption

  • The Royal Mint delivered a 1 oz gold bar to Wahed an online Halal investing platform headquartered in New York City with a Central London branch.
  • The gold ETC recently surpassed $850 million AUM after growing by 185% last year.
  • RMAU is growing in AUM more rapidly than its competitors gaining 381.5% since its inception in 2020. [1]
  • The gold in the ETC is 100% backed by London Bullion Market Association (LBMA) Post 2019 responsibly sourced Good Delivery bars.
  • The ETC also uniquely includes 100% recycled gold bars reducing the carbon impact of owning gold.

February 2023 London

HANetf Europe’s first independent white-label ETF and ETC platform and leading provider of digital asset ETPs is delighted to announce that a 1 ounce (oz) bar of physical gold has been redeemed by Wahed through The Royal Mint Responsibly Sourced Physical Gold ETC (RMAU). [2]

RMAU was launched in 2020 in partnership with The Royal Mint. This unique relationship means that the ETC is 100% backed by physical gold bars held at The Royal Mint’s secure vault in Wales. The ETC allows its holders to receive gold bars or coins via the gold delivery redemption method after which it can be delivered to the investor or held at the The Royal Mint’s vault for collection. RMAU is the only ETC to offer this. [3]

The 1 oz gold bar was redeemed by Wahed an online Halal investing platform headquartered in New York City with a Central London branch. The redemption marks a historic moment for both RMAU and Wahed the latter of which recently announced the launch of a gold-backed debit card.

RMAU has been going from strength to strength and recently surpassed $850 million in assets under management (AUM) for the first time since its launch in 2020.[4] At the end of 2021 RMAU’s AUM stood at $278 million. In January 2023 that number reached $850 million representing a growth of 205.8% in just over a year. [5]

The ETC’s inflows have remained high even in periods when the gold spot price was falling. In September and October 2022 the gold price fell by -4.48% but RMAU received over $75 million in inflows outpacing the other gold ETCs. [6]

RMAU backed 100% by responsibly sourced physical gold was the first financial listed product to be sponsored by The Royal Mint and the first gold ETC to be launched in partnership with a European sovereign mint.[7] It provides investors with exposure to the spot price of gold by physically holding gold bars which are custodied at The Royal Mint’s highly secure vault in Llantrisant Cardiff.

RMAU gives investors the opportunity to access gold that aligns with their values. The Royal Mint’s unique control over the bullion in their custody means that the ETC is backed in part by LBMA Good Delivery bars that are cast from 100% recycled gold which is sourced from surplus in the manufacturing process.

In addition to this the gold ETC is 100% backed by London Bullion Market Association (LBMA) Post 2019 responsibly sourced Good Delivery bars meaning that the gold adheres to the highest responsible sourcing standard within the industry. We believe therefore that RMAU appeals to sustainable investors that may not have had previous exposure to gold but are interested in the responsibly sourced gold ETC’s unique values.

Umer Suleman Head of Risk at Wahed comments:“We are excited to announce our partnership with HANetf providing our customers access to reassurance through The Royal Mint Responsibly Sourced Physical Gold ETC that they can own physical gold. This collaboration underlines our commitment to delivering value and security to our clients. We look forward to working with HANetf and bringing their expertise to the benefit of Wahed customers.”

Hector McNeil co-CEO and co-Founder of HANetf comments:“We are delighted that the first physical gold bar has been redeemed through RMAU. This is a unique feature and should give investors peace of mind knowing that they can get their hands on the actual gold backing their investment in RMAU. Partnering with The Royal Mint has ensured that the gold in the ETC is not only secure but responsibly-sourced and partially backed by 100% recycled gold. Investors looking to redeem gold via the ETC can be reassured that the bar in their hands has been certified by the London Bullion Market Association as Post-2019 Good Delivery.”

Please remember that the value of your investment may go down as well as up and past performance is no indication of future performance. When you trade ETFs your capital is at risk.