FGLD, issued by FI finest Investments GmbH, is a digital token representing direct fractional ownership of allocated physical gold, with each token backed 1:1 by one gram of 999.9/1000 fine gold held in professional custody [S1].

Holders receive price-tracking exposure to physical gold, the specific underlying commodity, sourced from LBMA-certified manufacturers including Valcambi (Switzerland) and Heraeus (Germany) [S1]. The instrument generates no yield, dividend, coupon, or NAV accrual, consistent with a physically-backed commodity token [S1]. Redemption into physical bars carries a flat fee of 89 euros (EUR) for insured EU-wide shipping, or no charge for in-person pickup at pro aurum locations [S1].

FI finest Investments GmbH is a German limited liability company registered at Luegallee 12, 40545 Düsseldorf, entered in the commercial register as HRB 104198 at the Amtsgericht Düsseldorf [S2]. The issuer states that it is fully regulated and compliant in Europe and operates within the EU [S3]. The tokens are presented as commodity tokens representing direct fractional ownership of underlying physical metal [S1]. KYC verification is mandatory to access platform features and complete redemption [S1]. Holders may redeem tokens for physical metal down to one-gram bars, with the underlying gold held by third-party certified depository pro aurum GmbH in Germany in LBMA-certified vaults under independent audit [S1].

The tokens are issued natively as Cardano Native Tokens on the Cardano blockchain, with FGLD launched as the first tokenized gold on Cardano [S1]. Users fund via card, bank transfer, or crypto and purchase fractional tokens that settle on Cardano; USDC payments are processed via the Polygon network while withdrawals occur on Cardano [S1]. Redemption burns tokens against delivery of physical metal, with independent audits reconciling reserves to supply [S1].

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://finest.investments/strategy-paper" },
    { id: "S2", url: "https://www.finest.investments/imprint" },
    { id: "S3", url: "https://finest.investments" },
  ]}
/>


# Asset senders (monthly) methodology

## 1. Overview

Asset senders (monthly) is defined as the number of unique addresses from which asset transfers are initiated over a rolling 30-day period. For each tracked asset, outgoing transfer transactions are analyzed across supported blockchains to identify the sending addresses. These addresses are deduplicated over a 30-day window to represent the monthly active sender base. This metric is utilized to evaluate user adoption, transactional activity, and the overall utility of tokenized assets.

## 2. Data sources

- **EVM chain events**: Token transfer events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions
- **Aptos, Sui, Cardano, and Stellar Classic data**: Token withdraw transactions
- **Stellar Soroban, Algorand, Near, Injective, and Ripple data**: Token transfer transactions
- **Polkadot Asset Hub events**: `Transferred` events from `assets` pallets
- **Asset metadata**: Token contract addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract daily asset senders

- **Purpose**: Identify unique addresses initiating transfers on a daily basis
- **Logic**: On EVM-compatible chains, token transfer events are parsed to extract the sender address from the transaction, excluding the zero address. On Solana, token transfer instructions are parsed to identify the authority address. On Aptos, Sui, Cardano, and Stellar Classic, token withdraw transactions are parsed to extract the account address. On Stellar Soroban, Algorand, Near, and Injective, token transfer transactions are parsed to extract the sender address, excluding null addresses. On Ripple, token transfer transactions with negative values are parsed to identify the sending account address. On Polkadot Asset Hub, `Transferred` events from `assets` pallets are parsed to extract the sender address. For all chains, the extracted addresses are grouped by day and token address to produce a daily record of unique senders.
- **Key fields**: `timestamp` (block day), `token_address` (asset identifier), `sender_address` (initiating address)

### Component B: Aggregate rolling monthly senders

- **Purpose**: Calculate the unique sender count over a rolling 30-day window
- **Logic**: A daily datespine is generated to establish a continuous timeline. For each day in the timeline, a 30-day lookback window is constructed, encompassing the current day and the preceding 29 days. Daily sender addresses collected within this window are aggregated and deduplicated. The total number of unique, deduplicated addresses is then counted for each asset on each day.
- **Key fields**: `timestamp` (calculation day), `token_address` (asset identifier), `asset_senders` (unique monthly sender count)

### Component C: Final aggregation and zero-filling

- **Purpose**: Combine data across chains and fill missing activity days
- **Logic**: The deduplicated monthly sender counts are aggregated at both the individual chain level and the global asset level. For days where no transfer activity is recorded for a tracked asset, the metric is filled with zero values to maintain a continuous time series.
- **Key fields**: `timestamp` (reporting day), `chain_id` (blockchain identifier), `token_address` (asset identifier), `asset_senders` (final monthly unique sender count)

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

Unique asset senders over a rolling 30-day window.

Asset senders (monthly)

Tokenized commodities

Finest mints FGLD (and other commodity tokens) against custodied physical precious metals, with each token redeemable against the underlying physical reserves.

Finest Investments is a Cardano-native platform for tokenized precious metals. Each FGLD token represents 1 gram of 999.9 fine gold held in professional custody, with redemption against the physical reserve.

Finest Investments is a Cardano-native tokenization platform for physical precious metals, issuing tokens backed by audited custody arrangements.

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Real-world asset (RWA) issuers

Finest

Gold fGLD (finest Tokenized Gold) (FGLD) is a gold-backed token issued by Finest through FI Finest Investments GmbH.

Each token represents one troy ounce of gold and is a direct claim on the issuer.

The metal is held in vaults in Germany operated by pro aurum GmbH on a segregated basis, is attested by pro aurum GmbH, and carries an annual storage fee of 1.2%.

Retail investors and institutions can mint and redeem directly with Finest after completing KYC, and holders have a contractual right to redeem for physical delivery of the metal or its cash value.

FI Finest Investments GmbH is incorporated in Germany.

Holder terms are governed by the law of Germany.

FGLD has been issued on Cardano as a Cardano native asset token since October 2024.

Gold fGLD (finest Tokenized Gold)FGLD