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The Company
Why Procyon Custody exists
Procyon Custody Ltd was created with a single purpose: to protect the assets of Procyon Metals clients. By placing the custody of metals in a separate company whose only business is safekeeping, clients' holdings are kept apart from any commercial activity.
Procyon Metals buys and supplies metals. Procyon Custody holds them for their owners. The two activities are carried out by distinct legal entities.
Corporate purpose
The company's sole purpose is the storage, secure safekeeping, deposit management, escrow and logistical protection of precious metals, strategic metals and commodities on behalf of third parties. The company acts solely as bailee and provides ring-fenced custody services, to the exclusion of any trading, buying or selling for its own account, financial intermediation or speculative asset management.
What we do
- Storage and secure safekeeping of metals on behalf of third parties
- Deposit management and escrow
- Logistical protection of precious metals, strategic metals and commodities
What we do not do
- Trading, or buying and selling for our own account
- Financial intermediation
- Speculative asset management
- Lending or pledging clients' metals
Registered office
Procyon Custody Ltd has its registered office in London, United Kingdom. See the legal notice for company details.