HSBC Physical Gold Trust

S-1 filed

The HSBC Hybrid Gold ETF, a series of the HSBC Physical Gold Trust, issues shares representing fractional interests in gold bullion. The Trust aims to track gold prices net of expenses, with shares offered continuously in Creation Units of 50,000. Tokenized shares via blockchain are introduced, though not tradable on exchanges. The Trust is structured as a Delaware statutory trust with HSBC Markets (USA) Inc. as Sponsor, Bank of New York Mellon as Administrator, and HSBC Bank plc as Gold Custodian. The offering is continuous, with no public market prior to this filing.

DRS/A amended

The HSBC Physical Gold Trust's DRS/A filing outlines the continuous offering of shares for the HSBC Hybrid Gold ETF, a series of the Trust. The Fund aims to track gold bullion prices minus expenses, with shares issued in Creation Units of 50,000. A key innovation is the introduction of tokenized shares on a blockchain, enabling digital representation of Traditional Shares. The offering is structured as a continuous process, with shares listed on NYSE Arca under HGT. The Trust is an emerging growth company under the JOBS Act, with no public market for shares prior to this offering.

DRS/A amended

The HSBC Hybrid Gold ETF, a series of the HSBC Physical Gold Trust, is preparing for a continuous public offering of shares designed to track the price of gold bullion minus expenses. The current filing introduces tokenized shares on a permissioned blockchain, expanding traditional book-entry methods. The offering is structured to last three years, with potential extensions, and emphasizes compliance with SEC regulations. Key service providers include HSBC Markets (USA) Inc. as Sponsor, Bank of New York Mellon as Administrator, and HSBC Bank plc as Gold Custodian.

DRS filed

HSBC Physical Gold Trust filed a confidential Draft Registration Statement (DRS) for the HSBC Hybrid Gold ETF, a series of the Trust. The ETF aims to track the price of gold bullion minus expenses, holding London Good Delivery gold bars. It introduces both traditional and tokenized shares, with tokenized shares operating on a private blockchain. The Trust is structured as a Delaware statutory trust, with HSBC Markets (USA) Inc. as Sponsor, Bank of New York Mellon as Administrator, and HSBC Bank plc as Gold Custodian. The offering is targeted at institutional investors through Authorized Participants, with shares listed on NYSE Arca under HGT.