GoldFish

GoldFish uses tokenised gold as the underlying asset. Each GGBR represents one thousandth of a troy ounce priced off the London benchmark, backed at a five-to-one overcollateralised ratio, and holders can request physical redemption; the contracts include an identity registry, mint and burn modules, redemption and pause functions under layered multisig and role control, while transfers inherit Ethereum's settlement guarantees.

The issuer structure pairs a Wyoming manager with a BVI issuing entity, and reserve and financial reporting come from a listed partner subject to third-party audit. After the public launch in October 2025, a 2026 security review documented the upgradeable contracts and privileged roles, and a separate audit stated that the protocol relies heavily on issuer control and wrote that premise into its report.