Effective 2 August 2026
Trading and Market Conduct Policy
AYOV distinguishes reserve NAV from executable market price and operates controlled primary distribution and liquidity processes.
Approved venues and counterparties
Trading access may use approved OTC counterparties, market makers, DEX pools or centralized venues after technical, commercial, sanctions and counterparty review.
Market integrity
Wash trading, spoofing, layering, false liquidity, coordinated manipulation, insider dealing, misleading promotion and unsupported price guarantees are prohibited.
Pricing
XAUa references XAU/USD; GMAy and SMAy publish basket NAV. Venue price may differ. A reference or target price is not a guarantee of redemption, liquidity or execution.
Liquidity and fees
Pool inventory, quote assets, fee tiers, ranges and rebalancing authority are approved and disclosed internally. Slippage, gas, pool fees and counterparty charges may apply.
Monitoring
AYOV may screen wallets and transactions, reject or restrict activity, pause distribution and preserve records for investigation or reporting.