Brinks and Malca-Amit dominate global bullion logistics, but neither offers the complete stack of ADGM legal governance, yield programs, DVP settlement, and $250M Lloyd's insurance that LCORE provides.
Request Consultation About LCORE| Brinks | Malca-Amit | LCORE (ADGM) | |
|---|---|---|---|
| Primary service | Logistics + vaulting | Air cargo + vaulting | Settlement infrastructure |
| Regulation | Country-specific licences | Country-specific licences | ADGM FSRA, Reg. 28158 |
| Governing law | Varies by jurisdiction | Varies by jurisdiction | English Common Law (ADGM) |
| DVP commodity settlement | No | No | Yes -- 2-3 working days |
| Non-USD settlement | No | No | AED, RUB, CNH available |
| Yield / income programme | No | No | Yes -- Storage Programme |
| Insurance | Logistics insurance | Jewellery + cargo insurance | Lloyd's $200M per event |
| Minimum size | No standard minimum | No standard minimum | $5M (institutional) |
International gold transportation and logistics. High-security transit between major vault centres. Standard vaulting without settlement or yield requirements. Global infrastructure with established relationships at every major airport.
Diamond, jewellery, and precious metals air logistics. Specialist insurance coverage for high-value cargo. Exhibition transit, art logistics alongside precious metals. Strong in Southeast Asia, India, Israel, and MENA air routes.
DVP commodity settlement infrastructure. Non-USD payment bridge. ADGM English Law WHRs as title documents and loan collateral. Storage Programme for income from allocated gold. Complex jurisdiction counterparty handling. Minimum $5M institutional.
LCORE is the only gold vault operator in the UAE pre-customs zone licensed specifically under ADGM (Reg. 28158). ADGM Warehouse Receipts are recognised as legal title documents under English Common Law.
Brinks and Malca-Amit store and transport gold. LCORE settles transactions. DVP multi-signature escrow, 2-3 working days, non-USD currencies -- a settlement infrastructure capability that logistics operators do not offer.
LCORE's Storage Programme generates operational income from allocated gold positions. Standard vault operators charge storage fees. LCORE can convert storage cost into a net positive position for qualifying clients.
LCORE's ADGM jurisdiction, no USD clearing, and case-by-case compliance review enable handling of counterparties that standard logistics operators or banks decline outright.
DVP settlement, yield programme, ADGM regulation. Minimum $5M. Confidential.