At Glint, your gold is legally allocated to you. It’s not paper or a credit note; it is real gold, kept in a Brinks vault in Switzerland and Brinks is insured by Lloyds of London.
Glint’s clients have allocated, legal ownership of their gold. There is no crypto token or fund that sits between them and its ownership. Our clients trust Glint because they know, that no matter what happens to our company – their gold is safe and protected.
Glint Pay Inc. is a U.S. – based authorized Card Program Manager. Funds are held at Sutton Bank, Member of the Federal Deposit Insurance Corporation (FDIC), in an FDIC-insured account. Glint Pay Inc. employs effective Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and fraud prevention systems and controls to mitigate and combat risks.
Glint Pay Services Ltd is based in London and is authorized and regulated by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN 900657).
Gold is not regulated by the FCA. However, Glint’s clients know their gold is secured in a Brinks Vault in Switzerland as we conduct independent audits to verify gold holdings.
You get an instant ‘in app’ record of transactions to help you keep track of your spending and help you stay safe from fraud. If you suspect any fraud you can block (and unblock) your card directly in the app.
All client e-money is held in safeguarded (segregated) accounts held at a tier 1 bank. This is in line with regulatory requirements. E-money firms such as Glint are required by regulation (UK and EU wide) to adhere to a safeguarding regime. Regulations ensure that relevant customer funds are legally protected in the event of an insolvency. These client funds are segregated from company funds.
What is an audit? An audit reassures shareholders and clients of a company that its financial statements are true, fair and an accurate reflection of the state of that company. A copy of our audited accounts must be provided to the Financial Conduct Authority in line with regulatory requirements.
Glint are audited by Moore Kingston Smith who audit our financial statements, which comprise of consolidated statements of comprehensive income, parent company balance sheet, cash flows etc. The financial reporting framework that has been applied in their preparation is applicable in law and United Kingdom Accounting Standards.
We use an independent third party to conduct audits on gold holdings. This ensures we accurately hold 100% of client balances.
2020 has proved to be a year of chaos and uncertainty, from the COVID pandemic, to deep cultural divides and trillions being pumped into the economy to keep us afloat.
Glint can help you take back some control, at least where your savings are concerned. You see, we understand your situation, we too want to protect those that we love. That’s why we created the GLINT App and Mastercard® giving you your own allocated gold, that increases in value over time, much safer and easily as accessible as paper currency.
With the Glint App, you can BUY any amount of Gold, large or small. It’s super safe and super simple. Many of our customers also choose to SAVE Gold as it is proven to retain its purchasing power, year after year. Plus, with your Glint Card, you can SPEND your Gold as money, anywhere that accepts Mastercard®.