pmUSD Redemption: Agreement with APMEX & Kitco
Tl;dr
- Redemption Timeline — Slated to go live week of July 6th
- Redemption Partners — APMEX and Kitco
Summary
This is the update the community has been waiting for.
RAAC has reached agreements with two established physical gold exchange providers, APMEX and Kitco, to facilitate pmUSD redemptions.
Both parties are working through final legal and onboarding requirements. Subject to completion of those agreements, redemption functionality is expected to go live the week of July 6th, 2026.
We are also in active arrangements with two additional exchange providers and will share details once those agreements are finalised.
Looking Forward
We are not stopping at two counterparties. Multiple redemption venues is the standard we are building toward, not a single point of dependency.
For anyone who wants to understand what they are redeeming against, our latest piece on unmined gold as an asset class covers the collateral structure in full: Unpacking Unmined Gold as an Asset Class
To the community that stayed through the past weeks, thank you. This is the next chapter.
The RAAC Team
Disclaimer
The services and products offered by RAAC discussed herein are not available to U.S. persons. This blog post is not intended to offer or to promote the offer or sale of these products and services in the United States or to U.S. persons.