aGLD, issued by Anchored Capital Ltd, is a tokenized commodity product providing economic exposure to a U.S.-listed gold exchange-traded fund, each token backed 1:1 by the underlying security held through a licensed U.S. broker-dealer [S1][S2][S3].

The token tracks shares of SPDR Gold Shares (GLD), a U.S.-listed exchange-traded fund providing exposure to the price of gold, delivered as ETF-backed exposure rather than physically allocated commodity custody [S4]. Holders receive price-tracking economic exposure only, with no voting rights and no direct legal claim to the underlying [S5][S2][S4]. Disclosed fees comprise a deposit fee of 0 bps, a buy/mint fee of 10 bps, and a withdrawal fee of 21 bps, with tax treatment varying by jurisdiction [S6].

Anchored Capital Ltd is incorporated in the British Virgin Islands, with underlying assets ring-fenced inside Anchored Finance SPC, a Cayman Islands segregated portfolio company registered with the Cayman Islands Monetary Authority [S7][S8]. Anchored Advisors Ltd operates as a British Virgin Islands Financial Services Commission (FSC) Approved Manager [S8][S1]. Tokens represent economic exposure only, not the underlying shares [S8][S5]. Access is restricted to non-U.S. professional, accredited or qualified investors under Regulation S following KYC and KYB, with U.S. persons and listed jurisdictions excluded [S9]. Assets sit in a bankruptcy-remote segregated portfolio ring-fenced from Anchored's creditors [S8][S2]. Holders redeem onchain against USDC [S10].

aGLD follows the ERC-20 standard with 18 decimals, deployed natively on Ethereum, Base, Arbitrum and Monad using the same contract address on every supported network [S4][S1]. Tokens are minted after execution and settlement authorization and redeemed by burning against USD Coin (USDC) [S10]. Reserves are attested by third-party firm Accountable and refreshed every 15 minutes [S3]. Trading operates 24/5 [S11].

<Sources
  retrievedAt="2026-09-02"
  items={[
    { id: "S1", url: "https://docs.anchored.finance/general/faqs" },
    { id: "S2", url: "https://docs.anchored.finance/" },
    { id: "S3", url: "https://docs.anchored.finance/general/trust-and-transparency.md" },
    { id: "S4", url: "https://docs.anchored.finance/getting-started/anchored-tokens.md" },
    { id: "S5", url: "https://docs.anchored.finance/getting-started/quickstart" },
    { id: "S6", url: "https://docs.anchored.finance/getting-started/fees-and-taxes.md" },
    { id: "S7", url: "https://anchored.finance/" },
    { id: "S8", url: "https://anchored.finance/terms" },
    { id: "S9", url: "https://docs.anchored.finance/getting-started/eligibility.md" },
    { id: "S10", url: "https://docs.anchored.finance/getting-started/investment-and-redemption.md" },
    { id: "S11", url: "https://docs.anchored.finance/getting-started/trading-hours.md" },
  ]}
/>


# Asset mints methodology

## 1. Overview

Asset mints is a metric that represents the total value of new assets minted onchain. Daily mint volumes are tracked across supported blockchains to quantify the issuance of tokenized assets. Gross mint events are identified from native token transfer logs and transaction-level supply changes. To ensure accuracy for assets with pre-minted supplies, corrections are applied by subtracting non-circulating allocations. The final metric is normalized by decimal precision and converted to USD using end-of-day price feeds.

## 2. Data sources

- **EVM chain events**: ERC-20 `Transfer` events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: SPL token `Mint` instructions
- **Non-EVM chain events and transactions**:
 - Algorand: Asset Configuration (`acfg`) transactions and token transfers
 - Cardano: UTXO-derived mint and burn events
 - Near: Token mint events
 - Polkadot Asset Hub: `Issued` events from `assets` pallets
 - Ripple: Transaction-level issuer net flows
 - Stacks: Token transfers with null senders
 - Sui: `TreasuryCap` object total supply changes
 - Stellar: SEP-41 `sep41_mint` events

- **Asset metadata**: Token addresses and decimal precision retrieved from token metadata
- **External data**: End-of-day price feeds sourced from market data providers

## 3. Step-by-step calculation

### Component A: Gross mint extraction

- **Purpose**: Extract raw mint events across all supported blockchains
- **Logic**: On EVM-compatible chains, ERC-20 `Transfer` events are parsed where the sender address is the zero address. On Solana, SPL token `Mint` instructions are extracted. On Algorand, withdrawals from asset configuration addresses are identified as gross mints. On Cardano, positive supply deltas are derived from transaction UTXO inputs and outputs. On Near, token mint events are extracted. On Polkadot Asset Hub, `Issued` events from `assets` pallets are parsed. On Ripple, transaction-level net flows are calculated, and positive net flows from issuer accounts are classified as mints. On Stacks, token transfers with a null sender address are extracted. On Sui, total supply changes are decoded from `TreasuryCap` objects. On Stellar, SEP-41 `sep41_mint` events are parsed.
- **Key fields**: `amount` (raw token quantity), `token_address` (asset contract or token identifier), `timestamp` (block timestamp)

### Component B: Premint correction

- **Purpose**: Adjust gross mints to exclude pre-minted tokens that do not enter active circulation
- **Logic**: For supported assets, a correction is applied to distinguish between gross mints and circulating supply changes. Mints that are sent directly to designated non-circulating premint addresses are classified as premints. Conversely, transfers from these premint addresses to circulating addresses are classified as premint issuances. Corrected mints are calculated by subtracting premints from gross mints and adding premint issuances.
- **Key fields**: `amount` (corrected token quantity), `token_address` (asset contract), `account_address` (premint address)

### Component C: Decimal normalization

- **Purpose**: Normalize raw token quantities into standard units
- **Logic**: Raw token amounts are normalized by decimal precision. Decimal precision is retrieved from token metadata for each specific asset.
- **Key fields**: `amount` (normalized token quantity), `decimals` (decimal precision)

### Component D: Final aggregation and USD conversion

- **Purpose**: Aggregate daily normalized mints and convert the values to USD
- **Logic**: Normalized daily mint amounts are aggregated by asset and blockchain. Daily USD values are calculated by multiplying the daily normalized mint amount by the end-of-day price feed for the respective asset. If no mint events occur on a given day, the daily value is filled with zero values.
- **Key fields**: `amount_usd` (daily minted value in USD), `price_usd` (end-of-day asset price)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Asset mints

Tokenized commodities

Shares backing the tokens are bought and custodied through a licensed U.S. broker-dealer, which Anchored does not name in its public documentation, and Accountable publishes a proof-of-reserves feed against those holdings that refreshes every 15 minutes. Distribution runs through the app.anchored.finance front end and DEX venues on the four supported chains. Anchored Capital Ltd, the issuing entity, holds no disclosed securities-issuance licence or MiCA authorization; the regulated custody and execution leg sits with the broker-dealer.

Anchored issues aStocks — ERC-20 tokens that track the price of a single underlying stock, ETF or exchange-traded product on a 1:1 basis. Each token is deployed as a BeaconProxy from a single factory contract at the same deterministic address on Ethereum, Base, Arbitrum and Monad, so one aStock is one address across all four chains. Tokens are explicitly not the underlying shares and carry no voting or dividend rights; eligible onboarded users hold a redemption right against the issuer. The catalog spans large-cap US equities, sector and thematic ETFs, leveraged and inverse ETFs, precious-metal and oil trusts, and pre-IPO names.

Anchored is a tokenization platform issuing on-chain trackers of US-listed equities and exchange-traded products, branded aStocks. The group splits four entities across the British Virgin Islands and the Cayman Islands: Anchored Capital Ltd is the token issuer and operates the Anchored dApp; Anchored Finance SPC is the fund vehicle, which the issuer describes as a CIMA registered segregated portfolio company; Anchored Advisors Ltd is a BVI FSC Approved Manager, confirmed on the regulator's public register; and Anchored Labs Ltd provides technology and services and operates the anchored.finance website. Each entity carries a different regulatory status, so the entity behind a given product is set by that product's documentation.

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Real-world asset (RWA) issuers

Anchored

SPDR Gold Shares aStock (aGLD) is a token tracking gold, backed by dedicated collateral, issued by Anchored through Anchored Capital Ltd.

Each token tracks one troy ounce of gold and is a collateral-backed contractual exposure rather than a direct claim on the issuer.

The backing metal is held in vaults operated by Alpaca Securities LLC on a segregated, bankruptcy-remote basis and is attested by Accountable.

Professional investors, accredited investors, qualified investors, and institutions can mint and redeem directly with Anchored after completing KYC, and holders have a contractual right to redeem.

Anchored Capital Ltd is incorporated in the British Virgin Islands and is offered under an SEC Regulation S exemption.

aGLD has been issued on public blockchains since April 2026 and is native to Monad, Base, Arbitrum One, Ethereum, and Robinhood Chain.

SPDR Gold Shares aStockaGLD