Not all vault licences are equal. ADGM's FSRA-regulated warehouse licence means your gold sits under English Common Law — with real enforcement teeth.
Request Consultation About LCOREPhysical safekeeping of precious metals. Issuance of Warehouse Receipts as legal title documents. Client AML/KYC onboarding and monitoring. FSRA regulatory reporting. Storage fee arrangements. Pledge/lien notifications on WHRs.
Financial advice or investment recommendations. Fund management or discretionary asset management. Payment services or money transmission. Insurance underwriting. Securities dealing or brokerage. LCORE does not hold an FSP licence.
LCORE is supervised by the Financial Services Regulatory Authority (FSRA) under ADGM. Annual compliance reviews. Regulatory reporting obligations. FSRA can inspect, investigate, and sanction non-compliant operators.
ADGM warehouse regulation requires client assets to be physically segregated from operator assets and from other clients' assets. Your bars cannot be co-mingled with LCORE's own holdings.
ADGM law recognises Warehouse Receipts as title documents. WHR holders are first-priority secured creditors in any insolvency proceeding -- your bars are returned before any other creditor.
LCORE is a DNFBP under UAE AML law. Mandatory client identification, UBO verification, source of funds, source of gold. Reporting to UAE goAML where required.
Clients have full access to ADGM Courts (English Common Law) for any dispute with LCORE. Independent from UAE Federal Courts, with international judges and track record of enforcing creditor rights.
LCORE's registration is publicly verifiable at adgm.com/en/adgm-directory. Registration No. 28158. Company details, registered address, and licence status publicly accessible.
| Warehouse/Storage Licence (LCORE) | FSP Licence (Bank/Broker) | |
|---|---|---|
| Authorised activity | Physical safekeeping + WHR issuance | Financial advice, dealing, payments |
| Client asset status | Title (Warehouse Receipt) | Creditor claim (account balance) |
| Insolvency protection | First-priority secured creditor | Unsecured creditor (typically) |
| Rehypothecation | Prohibited | Permitted under certain structures |
Regulatory documentation available on request. Institutional counterparties only. Minimum $5M.