Gold Warehouse Receipt · Legal Title · ADGM · LCORE

Gold Warehouse Receipts in ADGM: Legal Title to Serial-Numbered Bars

LCORE issues warehouse receipts under ADGM English Common Law — the gold standard (literally) for collateral documentation, giving holders legally enforceable title to specific, insured bars in Abu Dhabi.

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1st
Priority in Insolvency
60–70%
Typical LTV Collateral
Per Bar
Serial Number Listed
ADGM
English Common Law
Legal Status

What a Warehouse Receipt
actually is

Most clients confuse a Warehouse Receipt with a safe deposit confirmation or a custody statement. They are not the same. A Warehouse Receipt is a negotiable title document — a legal instrument that proves ownership of specific physical property.

Title Document

The WHR holder is the legal owner of the specific bars listed. Not a creditor. Not a certificate holder. The owner — with all associated rights under ADGM law.

Insolvency Protection

Under ADGM insolvency law, WHR holders are first-priority secured creditors. If LCORE ceases operations, your specific bars — listed by serial number — are returned before any other creditor is paid.

Negotiable

A Warehouse Receipt can be transferred to another party, pledged as collateral, or assigned as part of a commercial transaction — all without physically moving the gold.

What It Contains

LCORE Warehouse Receipt:
what is listed

Bar-Level Detail

Every bar individually listed: serial number, refiner, weight (troy oz), fineness/purity, assay reference. No batch-level pooling — each bar identified uniquely.

Holder Information

Full legal name of the holder (individual or entity), date of deposit, vault location (LCORE Abu Dhabi — pre-customs zone, AUH Airport), ADGM registration reference.

Legal Terms

Governing law (ADGM English Common Law), storage terms reference, insurance certificate reference (Lloyd's of London — $200M per event), LCORE Reg. 28158.

Chain of Custody

CoO (Country of Origin), incoming transport reference, assay certification reference. Full chain of custody from refiner to vault maintained throughout.

Collateral Use

Your WHR as
financing collateral

One of the most valuable uses of a LCORE Warehouse Receipt is as loan collateral — allowing you to access liquidity without selling your gold.

1
Gold Deposited at LCORE
You deposit physical gold. LCORE issues a Warehouse Receipt in your name listing every bar.
2
WHR Pledged to Lender
You pledge the WHR to an ADGM-licensed lender (bank or private credit fund). The lender accepts the WHR as collateral — your specific bars as security.
3
Loan Disbursed
Lender disburses loan at LTV typically 60–70%. You receive AED, USD, or agreed currency. Gold remains in LCORE vault — not sold, not moved.
4
Loan Repaid
You repay the loan. WHR returned. Your gold ownership unchanged. No capital gains event — the gold was never sold.
FAQ

Frequently asked questions

What information is on an LCORE gold warehouse receipt? A1: Each receipt specifies the bar's serial number, assay mark, fineness (typically 999.9), weight in troy ounces, storage location (Etihad Secure Logistics, Abu Dhabi), and the client entity's allocated title under ADGM law. Q2: Can an LCORE warehouse receipt be used as collateral for a bank loan? A2: Yes. LCORE warehouse receipts are structured under ADGM English Common Law as perfected security interests. Financial institutions familiar with ADGM law can accept them as collateral for USD or other currency-denominated credit facilities at 70–85% LTV. Q3: How does the ADGM legal framework enhance warehouse receipt enforceability? A3: ADGM's English Common Law provides clear statutory frameworks for property rights, pledge, and security interests — the same legal basis as London's LBMA market. In a default scenario, a lender holding an ADGM warehouse receipt can enforce against the underlying gold bars through ADGM courts with internationally trained common-law judges.
Each receipt specifies the bar's serial number, assay mark, fineness (typically 999.9), weight in troy ounces, storage location (Etihad Secure Logistics, Abu Dhabi), and the client entity's allocated title under ADGM law. Q2: Can an LCORE warehouse receipt be used as collateral for a bank loan? A2: Yes. LCORE warehouse receipts are structured under ADGM English Common Law as perfected security interests. Financial institutions familiar with ADGM law can accept them as collateral for USD or other currency-denominated credit facilities at 70–85% LTV. Q3: How does the ADGM legal framework enhance warehouse receipt enforceability? A3: ADGM's English Common Law provides clear statutory frameworks for property rights, pledge, and security interests — the same legal basis as London's LBMA market. In a default scenario, a lender holding an ADGM warehouse receipt can enforce against the underlying gold bars through ADGM courts with internationally trained common-law judges.
Who can access LCORE's gold warehouse receipt services?
Institutional counterparties only: family offices, commodity traders, sovereign entities, mining companies, and corporate treasuries. Minimum $5M. Full KYC/AML/source-of-funds onboarding required before access.
How is gold warehouse receipt regulated at LCORE?
ADGM (Abu Dhabi Global Market) under FSRA regulatory oversight. English Common Law jurisdiction. LCORE Reg. 28158. Lloyd's of London insurance $250M per shipment. All operations comply with UAE AML/CFT requirements.
Also see: Allocated Storage Explained · Gold-Backed Lending · Secure Storage UAE · ADGM Regulation

Understand your title. Protect your gold.

LCORE issues Warehouse Receipts for every bar deposited. Allocated storage from $5M.

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