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Frequently Asked Questions

Who owns the metals held by Procyon Custody?

The holder named in the custody certificate. Procyon Custody Ltd acts only as custodian (bailee); the metals are the exclusive, direct and inalienable property of their beneficial owner.

What happens if Procyon Metals or Procyon Custody becomes insolvent?

The metals are recorded off-balance sheet in third-party accounts. They are not an asset of either company and cannot be seized by the creditors of Procyon Custody Ltd, Procyon Metals Ltd or their subsidiaries.

Can Procyon Custody lend or pledge my metals?

No. Procyon Custody Ltd is formally prohibited from selling, assigning, pledging, lending or re-hypothecating the metals without a prior, written and verified instruction from the holder.

Does Procyon Custody trade metals?

No. Its corporate purpose excludes any trading, buying or selling for its own account, financial intermediation or speculative asset management.

Where are the metals stored?

In a designated bonded warehouse, in Malca-Amit high-security vaults.

Who certifies the metals?

TÜV Rheinland, an independent testing, inspection and certification body.

How do I withdraw or transfer my metals?

By express written instruction from the holder or their duly authorised representative, subject to dual-verification security procedures. See Procedures.

How do I contact you?

By email at contact@procyoncustody.com.