TG Commodities announced that KPMG US completed an independent audit of its 2025 financial statements and issued an unqualified opinion. According to the announcement, the audit confirmed that XAU₮ was backed by fully allocated physical gold as of December 31, 2025.
During the audit, KPMG physically counted and inspected each gold bar backing XAU₮. As of the audit date, TG Commodities held 520,089.350 troy ounces of allocated gold, valued at $2.246 billion, against 520,089.300 XAU₮ tokens issued. The report did not specify the audit date for those quantities.
The gold is held in Swiss vaults and meets London Good Delivery standards. According to the announcement, XAU₮ holders own the gold, with each token representing indivisible ownership of a designated gold bar. In addition to the annual audit, management commissions an independent third party to spot-check some bars quarterly.
Originally reported by Odaily on November 12, 2026, at 21:07:52 (UTC+08:00), citing Tether News.