Goldlagerhaus AG

Goldlagerhaus. Physical precious metals for modern finance.

Goldlagerhaus combines physical precious metals with legally binding electronic warehouse warrants and continuous digital verification.

Explore how
02Why It Matters
Goldlagerhaus.

Turning physical precious metals into verifiable, transferable and financeable assets.

Physical precious metals gain real financial utility when ownership is legally clear, independently verifiable and digitally accessible.

Goldlagerhaus creates a connection between the physical asset, legal entitlement and independent digital proof.

For institutional partners, this provides a verified foundation for transfer, settlement, collateral and financing — while the precious metal itself remains physical.

  • Physical Asset
  • Legal Entitlement
  • Digital Proof
EXPLORE HOW
03Two Essentials = One Standard

TWO ESSENTIALS.

One new standard for institutional trading, custody & collateralization of physical precious metals.

Goldlagerhaus combines legally binding title with independent digital proof — connecting physical precious metals, legal entitlement and mathematical verification.

See how two essentials come together to give physical precious metals a new level of certainty, transferability and financial utility.

Legal Title / Ownership

Legal ownership, secured digitally.

As a statutory document of title (Traditionspapier under § 475g HGB), an Order Warehouse Warrant—whether on paper or electronic—directly represents ownership of physical precious metals in custody, providing key statutory protections:

Seamless Ownership Transfer:

Transferring the warrant (via endorsement) executes the transfer of full physical ownership in a single legal act, eliminating contractual assignments.

Absolute Protection:

Provides statutory immunity from legacy liabilities (§ 475d HGB), secures good-faith acquisition rights, and guarantees immediate segregation in insolvency (§ 47 InsO)—completely independent of any underlying contractual relationships.

To achieve full legal equivalence with a paper warrant, § 475c (4) HGB mandates strict statutory guarantees of authenticity and integrity. Our patent-pending process does not merely comply with these statutory requirements.

Going far beyond mere digital representation, it unlocks capabilities a paper warrant could never provide: a mathematically verifiable proof enabling holders to independently audit and verify 24/7 that their specific vaulted assets exactly match their warrant.

Explore the German Warehouse Warrant in detail

Replacing reliance on internal databases with definitive legal title and transparent, self-verifiable mathematical proof.

Independent Verification

The independent digital notary for precious metals.

The Cryptographic Architecture & Public Blockchain Anchoring:

Elevating statutory legal title with mathematical certainty, our architecture embeds a sovereign digital notary directly into every Electronic Order Warehouse Warrant—eliminating reliance on blind trust, internal databases, or delayed manual audits.

Public Blockchain Anchoring & Immutable Partitioning:

Every lifecycle event—issuance, endorsement, transfer, and status change—is cryptographically anchored on a public blockchain in real time. Rather than relying on alterable database records, assets are segregated into cryptographically locked, distinct structural partitions (pledged, unencumbered/free, nominee, and trustee allocations). These state-bound partitions cannot be altered, overridden, or retroactively manipulated, providing absolute data integrity and structural isolation beyond the control of any single party.

Patent-Pending Real-Time Proof & Exclusion of Multi-Allocation:

Warrant holders can independently execute a 24/7 Guided Mathematical Proof to verify that their specific precious metals are 100% physically allocated and exclusively present within the physical vault facilities. Because every physical unit is deterministically bound to a singular cryptographic state, double-spending and double-pledging are mathematically impossible—guaranteeing assets can never be multi-allocated or rehypothecated, all while preserving complete privacy regarding customer identities, vault logistics, and asset volumes.

Bridging statutory legal ownership (§ 475g HGB) with sovereign cryptographic verification to deliver institutional transparency, total privacy, and uncompromised asset control.

Explore the Technology

LEGAL TITLE + INDEPENDENT PROOF

Institutional Settlement & Collateral: By combining definitive legal title with cryptographic proof of reserve, institutional partners gain an instant, dispute-free foundation for settlement, financing and collateralization.

Warehouse Warrant
  • Direct Physical Ownership
  • Single-Act Title Transfer
  • Legacy Liability Exclusion
  • Protected Good-Faith Acquisition
  • Insolvency-Proof Segregation

Explore the German Warehouse Warrant

Cryptographic State Notarisation
  • Unalterable Account & Collateral Segregation
  • Cryptographically Bound Legal Terms
  • Structural Double-Allocation & Double-Pledge Prevention
  • Independent 24/7 Auditability
  • Privacy-Preserving Transparency
  • Mathematical Proof of Exclusive Inclusion

Explore the Technology

Built for Institutional Partners

Banks & financial institutionsAsset & wealth managersBrokers & investment platformsPrecious-metal & financing partners
04The Problem

Ownership you
have to believe in.

Every layer of the traditional market asks for the same thing: trust. 

  1. 01

    A record is a statement.

    Traditional ownership of stored precious metal rests on documents, registers and institutional assurances. Each one describes an asset; none of them proves, at this moment, that the asset is still there, really exclusively assigned to the owner.

  2. 02

    An intermediary is a dependency.

    Trading companies, custodians and vaulting facilities each hold a fragment of the truth. The holder of the entitlement sees only the fragment that is shown to them, at the moment it is shown.

  3. 03

    A yearly audit is a retrospective snapshot.

    The relationship between one individual entitlement and the custodian's total inventory is precisely the thing that is hardest to observe continuously — and it is the only thing that actually matters.

The metal was never the problem.
The record was.

05The GLH Solution

Bridging physical assets and digital finance.

Goldlagerhaus links securely stored precious metals to legally binding electronic warehouse warrants and continuous digital verification. The result is a direct connection between the physical asset, legal entitlement and verifiable proof.

Institutional precious metals custody vault interior
Physical layer — secure custody
  1. 01

    Physical metal

    Investment-grade bullion — refined, hallmarked and catalogued to institutional standard before it enters the chain.

  2. 02

    Secure custody

    Safe custody allocations cryptographically notarised and physically vaulted in fully insured high-security facilities.

  3. 03

    EWW / Legal entitlement

    The electronic warehouse warrant, legally recognized as a negotiable Document of Title, embodies ownership, pledge rights, and exclusive disposal rights over the stored asset.

  4. 04

    Digital verification

    Physical backing and legal entitlement are continuously reconciled — the proof layer is always live, not periodic.

06Technology

Verify it
yourself.

True asset assurance requires no reliance on a custodian’s word. Clients can independently perform a trustless Proof Audit at any time, 24/7 and in real-time.

proof audit
01 / entitlement
02 / state anchoring
03 / matching
04 / certainty
matching…25%

  • The verification begins with the electronic warehouse warrant you hold. Its cryptographic commitment is read in your own browser — nothing about your holding leaves your device.

  • Goldlagerhaus continuously anchors its overall cryptographic state on a public blockchain—encompassing all customer entitlements and underlying vaulted assets. Crucially, this is achieved with absolute privacy: no customer identities, account balances, portfolio compositions, or asset specifications are exposed.

  • A single SHA-256 hash published by the custodian enables warrant holders to independently verify the accuracy of their warehouse warrant down to the finest detail. By matching their entitlement against the publicly anchored hash through a system-guided audit trail, holders obtain mathematical certainty that their asset is exclusively included within the custodian’s total vaulted holdings - 24/7, in real time, and without requiring anybody’s authorization.

  • The outcome is binary and independent of any statement made by the custodian. Blind institutional trust is replaced with immediate mathematical certainty, while confidentiality is strictly preserved.

No statement to believe.
A result to check.

Symmetric Truth
Architecture.

Patent-pending infrastructure that enforces absolute structural integrity through advanced cryptography.

entitlements

Electronic warehouse warrants held by clients

matched continuously

real-time, protocol layer

assets

Physical bullion in professional custody

The infrastructure utilizes advanced cryptography to enforce absolute, verifiable integrity while preserving strict data privacy. Powered by our patent-pending Symmetric Truth Architecture (STA), the system delivers continuous, real-time matching of digital entitlements against total vaulted holdings. Rooted in strict algorithmic integrity, this automated reconciliation embeds absolute solvency directly into the protocol layer.

continuous matching
Digital entitlements are matched against the underlying assets continuously, not at reporting intervals.
automated reconciliation
Reconciliation runs without manual intervention, eliminating the risk of human bias or errors in traditional auditing practices.
algorithmic integrity
Integrity is enforced at the protocol layer, eliminating the possibility of manual overrides or arbitrary exceptions.
institutional solvency
Solvency becomes an inherent structural property of the system rather than a periodic audit claim.

GOLDLAGERHAUS AG IS POWERED BY

AXIOMLEDGER TECHNOLOGIES.

07Hamburg

Hamburg.

A trading port has always worked the same way: goods arrive, are safely stored, and a document represents their title. Goldlagerhaus continues that lineage from Hamburg. While our foundation is built on the same robust commercial law, the physical metals are held in international high-security vaults—represented by a record that can now prove itself.

seat
Hamburg, Germany
form
GOLDLAGERHAUS AG
legal frame
German Commercial Code (HGB)
08The Value for Institutions

Turn verified ownership into collateral, financing and capital efficiency.

Physical precious metals hold immense value. Yet their financial utility remains constrained by fragmented ownership records, periodic verification and costly reconciliation across physical, legal and financial systems.

Goldlagerhaus changes the economics of physical precious metal ownership.

By combining legally binding electronic warehouse warrants with continuously verified 100% physical backing, Goldlagerhaus creates an infrastructure through which physical precious metals can be transferred, pledged and used in financing structures — while remaining physical assets.

Monumental cast platinum ingot held in professional custody
Pt — recorded physical asset
ICollateral

Turn physical metal into bankable collateral.

Goldlagerhaus electronic warehouse warrants can be encumbered with third-party bank pledge rights, specific legal interests, and disposal restrictions.

This enables financial institutions to establish a legally documented interest in the underlying asset while its physical backing remains continuously verifiable.

  • The legal title is fully embedded and enforceable.
  • Assets and legal status remain fully verifiable.

A stronger foundation for collateralisation, refinancing and institutional financing.

IICost of certainty

Lower the cost of certainty.

Traditional assurance depends on manual reconciliation, periodic audits and repeated validation across institutions and records.

Continuous digital verification replaces much of this recurring validation with a persistent proof layer — with the potential to reduce operational validation costs by up to 95%.

95%
potential reduction in operational validation cost
  • Less reconciliation.
  • Lower validation cost.
  • Continuous certainty.
IIICapital efficiency

Reduce refinancing friction. Improve capital efficiency.

When physical backing, legal entitlement, and creditor interests remain continuously verifiable, physical precious metals become a genuinely viable instrument for institutional financing.

stronger collateral infrastructure and greater certainty around pledged assets.

an institutional-grade proposition capable of meeting the requirements of capital that demands independently verifiable physical backing.

greater financial utility from physical ownership.

Investment-grade gold bullion in professional custody
Au — the asset stays physical
Custody
to capital

Move from custody to capital.

Goldlagerhaus extends physical precious metals beyond custody by creating the ownership infrastructure required to support transactions, collateralisation and financing.

  • The asset stays physical.
  • Its financial utility expands.

The metal doesn’t change.

Its financial efficiency does.

100% physically backed.
Legally documented.
Continuously verified.
Transferable. Pledgeable. Financeable.
09The Value for the Institution’s Clients

Better service for customers. Stronger market position for the institution.

Goldlagerhaus enables financial institutions and professional partners to build verifiable precious-metals services into their own client proposition.

Financial district towers housing major banking institutions
For the institution

Launch a differentiated precious-metals proposition that delivers institutional-grade transparency and sovereign client ownership at scale.

For its clients

Access physical precious metals through a service combining professional custody, clear legal entitlement and continuous digital verification.

  • Differentiated client proposition
  • Infrastructure built for institutional scale
Three professionals crossing a modern institutional plaza
For the institution

Integrate verifiable precious-metals allocations into client portfolios with greater operational clarity and transparency.

For its clients

Receive a clearer, more verifiable connection between the portfolio allocation, the legal entitlement and the underlying physical asset.

  • Simpler verification and audit preparation
  • Stronger client confidence
Investment professionals working at market data terminals
For the institution

Extend the existing product offering with digitally manageable, physically backed precious-metals services and a faster route to market.

For its clients

Access a modern precious-metals experience with transparent ownership records and independently verifiable asset backing.

  • Faster route to market
  • New products and revenue opportunities
Professional inspecting a precious-metal bar in secure storage
For the institution

Strengthen custody, collateral and financing structures with improved verification, reduced administrative friction and clearer asset status.

For its clients and counterparties

Gain greater confidence in collateral integrity, entitlement status and the physical assets supporting the structure.

  • Reduced operational and administrative friction
  • Clearer collateral and asset status
10Why Goldlagerhaus

Rooted in Market Reality.
Built for Institutions.

Goldlagerhaus combines two distinct domains of expertise: direct experience within the precious metals market and international management consulting. This foundation is reinforced by deep technical expertise, enabling us to understand the asset, the underlying infrastructure, and the surrounding institutional requirements.

It is this integrated perspective that enables Goldlagerhaus to create secure, verifiable, and scalable solutions for modern precious metals ownership.

leadership
  • Richard Hollmann

    Richard Hollmann

    CEO

  • Mark Bara

    Mark Bara

    Member of Supervisory Board

  • Michael Müllner

    Michael Müllner

    Member of Supervisory Board

  • Peter Horvath

    Peter Horvath

    CTO

  • Maksym Tovkai

    Maksym Tovkai

    IT

Metal you own.
Proof you hold.

We issue legally binding electronic warehouse warrants for precious metal bullion, secured by real-time cryptographic proof.

speak to the institutionoffice@goldlagerhaus.com

GOLDLAGERHAUS Edelmetallverwahrungs AG

Neuer Wall 80, 20354 Hamburg

briefings

Occasional notes on electronic warehouse warrants, custody and verifiable proof. No market commentary.

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