EV battery supply chains demand rapid cobalt settlement to maintain production schedules. LCORE's DVP mechanism structures cobalt trades through Abu Dhabi escrow: buyer deposits gold, commodity ships, delivery is verified, and gold releases simultaneously. No counterparty risk, no SWIFT dependency, settlement in 2-3 business days. ADGM English Common Law governs the escrow. Minimum $5M per transaction.
Request ConsultationWhen Cobalt transactions are delayed or blocked by correspondent banking compliance -- OFAC screening, AML holds, SWIFT disruption -- LCORE's gold DVP mechanism provides a 2-3 working day alternative. Physical gold in Abu Dhabi acts as the settlement bridge.
Mechanics: buyer deposits gold into multi-signature DVP escrow at LCORE ADGM. Cobalt is delivered. Payment confirmed via agreed correspondent. Gold released to seller. The LME benchmark price determines gold equivalent. ADGM English Law governs the escrow. Lloyd's $200M insurance throughout.
Multi-signature: LCORE + buyer + seller. Gold releases only when all conditions confirmed. Zero counterparty risk on either side.
Settlement without USD correspondent banking. ADGM position and gold mechanism bypass SWIFT USD dependency for Cobalt transactions.
Cobalt value determined by LME benchmark at agreed fixing. Gold equivalent calculated at XAU spot. Transparent, internationally recognised pricing.
Confidential. Min $5M. ADGM Reg. 28158.