LCORE is the UAE's dedicated gold escrow and DVP settlement platform, holding physical gold in Abu Dhabi under English Common Law with zero local tax burden.
Request Consultation About LCORECash escrow depends on banks. Banks can freeze accounts, impose compliance holds, or refuse to participate for sanctioned-adjacent counterparties. Gold escrow has no such dependency.
Gold escrow requires only a neutral vault operator (LCORE) and agreed DVP conditions. No correspondent bank. No SWIFT routing. No USD clearing. Available for counterparties that banks refuse.
Physical gold in a pre-customs vault cannot be frozen by a bank compliance department. The UAE has not joined the Western sanctions regime. ADGM courts enforce the escrow agreement under English Law.
Multi-signature DVP means neither party can access the gold without the other's confirmation. The escrow structure enforces the deal — no trust required between buyer and seller.
| Letter of Credit | LCORE Gold Escrow | |
|---|---|---|
| Bank required | Yes — issuing + confirming | No |
| USD/SWIFT | Typically yes | No |
| Available for complex counterparties | Increasingly not | Yes |
| Timeline | 30–60+ days | 2–3 working days |
| Freeze risk | High — bank compliance | None — pre-customs vault |
| Governing law | Bank-dependent | ADGM English Common Law |
Gold escrow for commodity transactions where banks won't. ADGM English Law. Minimum $5M.