The infrastructure layer for gold as collateral
Banks and financial institutions use Mero to authenticate vaulted gold, record a pledge with the custodian and depository, and monitor and enforce the loan. The pledge can be created and monitored without moving the metal. Any sale or delivery following enforcement follows the applicable custodian, depository and market procedures.
Vaulted gold is hard to verify, pledge and enforce
Using vaulted gold as collateral means verifying the metal and who owns it, recording a pledge that will hold, monitoring it, and having a clear enforcement path.
One operating layer for the whole collateral lifecycle
Authenticate
Every receipt is checked before anything is recorded: document forensics, bar numbers matched to the vault record, and the institution's own KYC clearance.
Pledge
The depository records the pledge. The custodian holds and verifies the metal. The active collateral record is cancelled when the pledge is released; the audit history is retained under applicable recordkeeping requirements.
Monitor
Collateral is valued against a recognised market price, with margin calls and cure windows run to the agreed terms.
Enforce and reconcile
On an uncured default, the lender enforces through the custodian and depository. The sale settles on a regulated exchange or as an ordinary sale. Every step is reconciled and evidenced.
How it works
Authenticate receipts
Forensics, bar numbers, KYC clearance
Pledge recorded
By the depository; the custodian holds the metal
Lender funds
US dollar financing against the confirmed pledge
Monitoring and margin
Market price, margin calls, cure window
Repay and release
Active record cancelled; audit history retained
Enforce
The lender enforces through the custodian and depository, then a sale on an exchange or an ordinary sale
Reconcile and report
Every step evidenced
Phase 1 authenticates and registers receipts. Phase 2 records the pledge, funds the loan and runs monitoring and enforcement. A later phase, where permitted and at the borrower's election, routes loan proceeds to a regulated venue. It is not offered in the UK.
Mero works through the institutions that already hold the metal
Title and the lender's security are recorded by licensed custodians and depositories, not by Mero. Vault managers and custodians hold and verify the metal. Depositories maintain the ownership and pledge records. Lenders make the financing and enforcement decisions, and enforcement sales settle through regulated exchanges or ordinary sales.
Mero holds no client assets, keys or cash, and does not lend. Any instruction its software transmits to a custodian or depository is authorised by the institution. Mero does not make that decision in its own capacity.
Our first market is GIFT IFSC in India, where the depository, the bullion exchange and bank lenders sit under a single regulator.
Lenders
- Authenticate
- Monitor
- Reconcile
Holds no client assets, keys or cash
Hold and verify the metal
Ownership and pledge records
Price and settle sales
Who it is for
Banks and financial institutions
Deploy Mero under your own brand. You own the client relationship, set the lending terms and onboard clients under your own KYC and AML framework.
Institutional holders
Mining corporates, bullion dealers and institutional and sovereign holders of vaulted gold access financing through their bank or institution. Mero's services are for institutions only.
Business model
Mero is paid a licence fee and service fees by the institutions and venues it works with. Its fees never depend on interest earned, loan performance or investment returns.
Where we are
Mero Technologies is an applicant to the IFSCA FinTech Innovation Sandbox at GIFT IFSC. The proposed sandbox testing would take place in an isolated environment.
GIFT IFSC, India
IFSCA FinTech Innovation Sandbox
- Status
- Applicant
- Final Application
- Pending Committee Approval
- Regulator
- IFSCA
- Built for
- Banks and institutions
Talk to us
Enquiries from institutions only