Independent custody of precious metals
Procyon Custody Ltd was established to protect the assets of Procyon Metals clients. The company stores and safeguards physical metals on behalf of third parties. It does not trade, lend or invest.
Metals deposited with Procyon Custody Ltd remain the exclusive property of their owner. They are held off-balance sheet, in segregated third-party accounts, and cannot be seized by the creditors of Procyon Custody Ltd, Procyon Metals Ltd or their subsidiaries.
Our services
| The Company | Why Procyon Custody exists, its sole corporate purpose and what it does not do. |
|---|---|
| Legal Framework | Bailee status, off-balance-sheet treatment, prohibition of re-hypothecation. |
| Procedures | Deposit, certification, safekeeping, transfer and withdrawal. |
| Partners | TÜV Rheinland for certification, Malca-Amit for vault storage. |
| FAQ | Ownership, insolvency protection, access to your metals. |
Four commitments
- We act solely as custodian (bailee). The metals belong to you.
- Your metals never appear on our balance sheet or that of Procyon Metals.
- We never sell, lend, pledge or re-hypothecate your metals.
- Nothing leaves the vault without your written, verified instruction.