Gold ReserveProgram.
The Al Fardan Q9 Gold Reserve Program is a Dubai-based physical gold program for serious digital-asset holders seeking a simpler bridge from BTC and ETH into allocated bullion, audited reserve visibility, quarterly distributions, and structured exit flexibility — without the burden of storage or transport.
Your dedicated lead
Hamdan Al Naheri
Chief Investment Officer
Hamdan leads investment strategy across the platform, including the gold reserve program, advising family offices and institutions on allocation and structuring.
$150K
Minimum commitment
Funded in BTC, ETH, or a defined mix of both.
36
Month target term
Designed for reserve discipline and income visibility.
5%–7%
Target annual cash distribution
Before any gold-price appreciation or depreciation.
Quarterly
Investor reporting cadence
Valuation, reserve attestation, distribution.
Why gold is the right first bridge from crypto to real assets
Gold is globally understood, physically tangible, visually intuitive, and materially easier to audit than aircraft, family holdings, or luxury collectibles. For a BTC or ETH holder, gold creates a natural transition from digital scarcity into physical reserve value without requiring a complicated operating story.
The Gold Reserve Program is designed for investors who want to subscribe using BTC, ETH, or a defined combination of both, and then hold an economic interest in allocated physical bullion stored in Dubai, with formal reporting, clear redemption mechanics, and a defined income layer on top of the reserve base.
Program logic
- Hard-asset clarity. Investors can understand what sits underneath the program: physical gold, documented custody, and reserve-based reporting.
- Crypto-native entry. Subscription is accepted in BTC, ETH, or a defined BTC / ETH mix, eliminating the need for the investor to first build a traditional fiat route independently.
- Capital preservation first. The reserve sleeve is built around allocated bullion held in custody, with income designed as an enhancement layer rather than the core justification for the asset.
- Elegant exit flexibility. Investors can seek cash exit, transfer, reinvestment, or in-kind physical redemption subject to program thresholds and operational procedures.
Key economics
| Minimum commitment | $150,000 equivalent |
| Accepted subscription assets | BTC, ETH, or a defined BTC / ETH combination |
| Program term | 36 months |
| Target annual cash distribution | 5%–7% |
| Distribution frequency | Quarterly |
| Underlying reserve | Allocated physical gold held in Dubai |
| Liquidity profile | Quarterly matching window after initial stabilization period |
| Physical redemption | Available for qualifying holdings, subject to bar size and delivery procedures |
Two-layer design
- Reserve layer. The core of the program is allocated physical bullion acquired and held as the principal reserve asset.
- Income layer. A controlled institutional gold-liquidity sleeve is used to generate targeted periodic cash distributions while keeping reserve discipline at the center of the structure.
- Controlled utilization. Program utilization remains capped, with conservative internal thresholds, daily reconciliation, and collateral controls designed to protect reserve integrity.
- No speculative trading thesis. The program is not built around directional trading of BTC, ETH, or gold. The core thesis is reserve ownership plus disciplined monetization of institutional gold liquidity.
From BTC or ETH to Dubai-held gold
Qualification and allocation
The investor completes investor classification, jurisdiction review, source-of-wealth / source-of-funds screening, and submits an indicative ticket size. Once approved, Al Fardan Q9 issues an allocation notice and settlement window.
Locked-rate digital asset execution
The investor funds the subscription in BTC, ETH, or a defined combination of both. Al Fardan Q9 fixes the execution basis for the subscription window and confirms the exact digital-asset amount required to close the commitment.
Reserve acquisition and allocation
Following settlement, the subscribed capital is converted through controlled execution and used for reserve acquisition. The investor receives a beneficial interest record tied to the program, not direct possession of the original BTC or ETH.
Custody, attestation and reporting
The gold is held through the program custody framework in Dubai. Investors receive periodic reserve statements, valuation updates, and program-level reporting on distributions, reserve coverage, and liquidity position.
Quarterly distributions and maturity choices
The program targets quarterly distributions. At maturity, investors may elect cash settlement, rollover, or in-kind physical redemption if the holding size and bar-format conditions are met.
How the return is built
- Gold-price participation. Investor capital remains linked to the value of physical gold held in the reserve structure, meaning the reserve base can rise or fall with the gold market.
- Target annual cash distribution of 5%–7%. The income objective is generated through a conservative institutional liquidity sleeve built around gold-backed monetization and short-duration reserve-enhancement activity.
- Quarterly payout rhythm. Distributions are targeted quarterly to match reporting, reserve-review, and valuation cycles.
- Total return profile. The investor's total outcome is the combination of cash distributions plus any positive or negative change in the reserve value of gold over the term.
$150,000 subscription example
| Committed amount | $150,000 equivalent funded in BTC, ETH, or BTC / ETH mix |
| Target annual cash distribution | $7,500 – $10,500 |
| Target quarterly distribution | $1,875 – $2,625 |
| Target 36-month cash distributions | $22,500 – $31,500 |
| Reserve base at maturity | Linked to gold value at maturity, not fixed in advance |
| Final investor outcome | Reserve value of gold + cumulative cash distributions ± exit costs / delivery costs where relevant |
This structure gives the investor something different from simply holding coins or simply buying bullion. It creates a reserve-backed position with a defined income objective and formal custody / reporting infrastructure.
What happens to the digital assets
Once the investor funds the program, the original BTC and ETH are not left sitting in a wallet as passive investor balances. They are used as subscription capital. Following the locked-rate settlement process, that capital is converted and deployed into the Gold Reserve Program.
- The coins are not "lost". The investor is exchanging direct ownership of those coins for a documented economic interest in the gold reserve structure.
- Subscription can be single-asset or blended. Investors may subscribe using BTC only, ETH only, or a pre-agreed mix of BTC and ETH.
- Distributions can be elected. Investors may elect quarterly distributions in USD equivalent, BTC equivalent, ETH equivalent, or reinvestment into the program, subject to operational cut-off dates.
- Maturity settlement can also be elected. Subject to the final program rules, maturity proceeds may be taken in cash equivalent, BTC equivalent, ETH equivalent, or physical redemption where the reserve amount qualifies.
Why this term works
- Long enough for income rhythm. A three-year term allows the distribution engine to operate through multiple quarterly cycles rather than feeling like a short trade.
- Short enough to stay liquid in investor psychology. For a $150K minimum investor, 36 months feels serious without becoming overly illiquid.
- Appropriate for reserve-backed planning. It gives room for reserve acquisition, reporting, controlled liquidity windows, and maturity planning while keeping the structure simple.
- Better than an open-ended promise. A visible maturity date makes the product easier to explain, easier to compare, and easier for investors to underwrite.
LBMA good-delivery bullion, 999.9 fine, held in Dubai.
Reserve visibility
- Allocated bullion. The program reserve is designed around specifically allocated physical gold held within the custody structure rather than vague exposure claims.
- Dubai-based holding framework. Custody and logistics are designed to be executed within a Dubai-centered reserve model consistent with the program's regional positioning.
- Monthly reserve statement. Investors receive reserve statements showing holdings, valuation basis, and program-level reserve activity.
- Quarterly independent verification. Inventory and reserve checks are designed to sit on the quarterly reporting cycle so investors can compare statements, distributions, and valuation movements.
- Formal document delivery. Investors receive allocation confirmation, participation certificate, custody summary, and periodic reserve attestations through controlled delivery channels.
Exit options
- Quarterly matching window. After the initial stabilization period, the program can facilitate investor-to-investor or program-managed secondary matching at defined windows.
- Cash exit. Investors may request exit into cash equivalent subject to program liquidity procedures and pricing cut-offs.
- BTC or ETH settlement election. Where operationally available, exit proceeds may be converted back into BTC or ETH at the prevailing settlement basis on the elected payment date.
- Physical redemption. Investors with qualifying holdings may request in-kind redemption in physical bullion form, subject to available bar denominations, vault release procedures, and delivery charges.
What the investor receives
Allocation confirmation
Formal confirmation of committed amount, funding asset, execution window, and subscription reference.
Executed subscription set
Subscription agreement, acceptance confirmation, and key economic terms of the program.
Participation certificate
Digital record showing investor identity, commitment amount, issue date, and participation reference.
Custody summary
Program-level custody framework, reserve methodology, and holding structure summary.
Quarterly investor report
Reserve value movement, cash distribution summary, liquidity position, and material events.
Reserve attestation pack
Periodic reserve statement and verification materials linked to the custody and reporting cycle.
Frequently asked by serious allocators
Join the Gold Reserve Waitlist
Program allocations are released in quarterly tranches. Priority access is given to qualified investors who join the waitlist.
Limited spots per tranche
- Priority allocation. Waitlist members receive early access before public announcement.
- Reserved pricing. Lock in program terms at the next quarterly window.
- Exclusive updates. Receive audit reports, vault tours, and program insights.
- No obligation. Join now, decide later when allocation is confirmed.
Institutional framework
Physical custody: Brink's Global Services (Dubai) & Malca-Amit (Zurich).
Independent audits: Grant Thornton UAE (quarterly physical inspection & reconciliation).
Legal entity: Al Fardan Q9, registered in DIFC, VARA-compliant structuring.