|
|
|
|
|
|
|
|
|
|
[Table 2] Template for white papers for crypto-assets other than asset-referenced tokens or e-money tokens |
|
|
Template for white papers for crypto-assets other than asset-referenced tokens or e-money tokens [abstract] |
|
General information |
|
|
|
|
00 Table of content |
|
boolean true |
true |
|
|
01 Date of notification |
|
date |
2026-06-23 |
|
|
02 Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114 |
|
boolean true |
This crypto-asset white paper has not been approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset is solely responsible for the content of this crypto-asset white paper. |
|
|
03 Compliance statement in accordance with Article 6(6) of Regulation (EU) 2023/1114 |
|
boolean true |
This crypto-asset white paper complies with Title II of Regulation (EU) 2023/1114 of the European Parliament and of the Council and, to the best of the knowledge of the management body, the information presented in the crypto-asset white paper is fair, clear and not misleading and the crypto-asset white paper makes no omission likely to affect its import. |
|
|
04 Statement in accordance with Article 6(5), points (a), (b), (c), of Regulation (EU) 2023/1114 |
|
boolean true |
The crypto-asset referred to in this crypto-asset white paper may lose its value in part or in full, may not always be transferable and may not be liquid |
|
|
05 Statement in accordance with Article 6(5), point (d), of Regulation (EU) 2023/1114 |
|
boolean true |
The utility token referred to in this white paper may not be exchangeable against the good or service promised in this white paper, especially in the case of a failure or discontinuation of the crypto-asset project. |
|
|
06 Statement in accordance with Article 6(5), points (e) and (f), of Regulation (EU) 2023/1114 |
|
boolean true |
The crypto-asset referred to in this white paper is not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council or the deposit guarantee schemes under Directive 2014/49/EU of the European Parliament and of the Council. |
|
|
SUMMARY |
|
|
|
|
07 Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114 |
|
boolean true |
Warning
This summary should be read as an introduction to the crypto-asset white paper.
The prospective holder should base any decision to purchase this crypto-asset on the content of the crypto-asset white paper as a whole and not on the summary alone.
The offer to the public of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments and any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law.
This crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council or any other offer document pursuant to Union or national law. |
|
|
08 Characteristics of the crypto-asset |
|
textBlock |
VeraOne (VRO) is a utility token that constitutes a digital title of ownership over physical gold. Each VRO token corresponds to one gram of gold, compliant with LBMA Good Delivery standards (99.99% purity), securely stored in audited vaults in Switzerland. Ownership is recorded on a public blockchain, ensuring the immutability, transparency and traceability of holdings. By acquiring VRO, the holder obtains a direct and enforceable ownership right over an allocated quantity of gold, which may be transferred, sold back at market value through the issuer's website, withdrawn in physical form or held indefinitely. All rights are subject to the operational terms in effect, including identity verification and applicable service fees. VRO tokens do not grant financial returns or governance rights and are not classified as asset-referenced tokens within the meaning of the MiCA Regulation. The terms and conditions governing the token, including any future amendments, are publicly available and may be amended in compliance with applicable law and with user notification obligations. |
|
|
09 Further information about utility tokens |
|
textBlock |
The VeraOne utility token gives access to the following good: physical gold securely stored in the form of 1 kg LBMA-certified bars or equivalent formats. The quantity is precisely one gram of gold per token, and this equivalence is fixed. Holders may request the physical delivery of their gold, subject to a minimum quantity threshold and compliance with anti-money laundering (AML) and know-your-customer (KYC) procedures. Alternatively, the tokens may be sold back through the issuer's website at market value, on the basis of real-time quotations adjusted for liquidity premiums or discounts. VRO tokens are freely transferable on compatible blockchain infrastructures. However, access to redemption services is limited to verified users in the jurisdictions where the issuer operates and in compliance with the applicable regulations. Transferability does not include any right to profits or services beyond those explicitly described.
Nature of the deposit and rights of the holder
The physical gold underlying the VRO tokens is held on a deposit basis: the custodian towards the client (CrypCool), its sub-custodian (AuCoffre.com) and the lessor of the storage premises (the Ports Francs et Entrepôts de Genève) at no time acquire ownership of the gold. The holder remains at all times the owner of the gold corresponding to its tokens. The custodian refrains from using, lending or disposing in any manner whatsoever of the deposited gold. It is, however, authorised to substitute the deposited precious-metal items with other items of a different form or fineness (small ingots, coins, bars, etc., accounted for by their weight in fine metal), provided that the quantity of fine metal owed to the holder is strictly preserved.
|
|
|
10 Key information about the offer to the public or admission to trading |
|
textBlock |
The VeraOne (VRO) token has been made available to the public under an open and continuous offering model, rather than in the form of a one-off offer to the public. The initial offer did not impose any minimum or maximum subscription target. Tokens are issued on demand, on the basis of the real-time purchase of physical gold and the corresponding issuance of VRO tokens. The issue price of each token corresponds to the spot market price of gold, to which operational costs and service fees may be added. Pricing is updated dynamically and transparently through the issuer's website, on the basis of international gold market quotations and internal liquidity parameters. No early-bird discounts or phased subscription campaigns have been applied. Tokens are available for purchase exclusively through the issuer's website. Subscription requires user registration and identity verification in compliance with the applicable AML/KYC regulations. There are no fixed subscription periods, as the issuance operates on a continuous basis. |
|
|
Part A – Information about offeror or person seeking admission to trading |
|
|
|
|
A.1 Name |
|
text |
CrypCool |
|
|
A.2 Legal form |
|
text |
|
|
|
A.3 Registered address |
|
|
|
|
Registered addess |
|
text |
|
|
|
Country |
|
enumeration |
|
|
|
Sub-division |
|
text |
|
|
|
A.4 Head office |
|
|
|
|
Head office |
|
text |
|
|
|
Country |
|
enumeration |
|
|
|
Sub-division |
|
text |
|
|
|
A.5 Registration date |
|
date |
2022-07-25 |
|
|
A.6 Legal entity identifier |
|
LEI |
969500T6CB2NOLR4UP93 |
|
|
A.7 Another identifier required pursuant to applicable national law |
|
text |
|
|
|
A.8 Contact telephone number |
|
text |
+33 5 25 53 00 99 |
|
|
A.9 E-mail address |
|
text |
[email protected] |
|
|
A.10 Response time (days) |
|
integer |
14 |
|
|
A.11 Parent company |
|
text |
|
|
|
A.12 Members of the management body |
|
|
|
|
Member #1 |
|
id |
1 |
|
|
Identity |
|
text |
Jean-François Faure |
|
|
Business address |
|
text |
42 Rue Tauzia, 33800, Bordeaux, FR |
|
|
Function |
|
text |
Chief Executive Officer (CEO) |
|
|
Member #2 |
|
id |
2 |
|
|
Identity |
|
text |
Gabriela Pellizza Downie |
|
|
Business address |
|
text |
42 Rue Tauzia, 33800, Bordeaux, FR |
|
|
Function |
|
text |
Chief Financial Officer (CFO) |
|
|
Member #3 |
|
id |
3 |
|
|
Identity |
|
text |
Alexis Boeglin |
|
|
Business address |
|
text |
42 Rue Tauzia, 33800, Bordeaux, FR |
|
|
Function |
|
text |
Chief Operating Officer (COO) |
|
|
A.13 Business activity |
|
textBlock |
CrypCool operates as a crypto-asset service provider (CASP), providing crypto-asset services on behalf of third parties. Its principal activities include: the custody and administration of crypto-assets on behalf of clients, the exchange of crypto-assets for funds, the exchange of crypto-assets for other crypto-assets, the provision of advice on crypto-assets, and the provision of transfer services for crypto-assets on behalf of clients. The company operates primarily in France and within the European Union. |
|
|
A.14 Parent company business activity |
|
textBlock |
The parent company is engaged in the manufacturing of precious metal products as well as in the custody and safekeeping of physical precious metals (such as gold, silver, platinum and palladium). Its core activities are centred on the management, transformation and secure storage of investment-grade precious metals, primarily on the French market and within the European Union. |
|
|
A.15 Newly established |
|
boolean |
true |
|
|
A.16 Financial condition for the past three years |
|
textBlock |
Since its incorporation on 25 July 2022, CrypCool has experienced significant growth in its operational and financial structure, in particular following the 2024 intra-group transfer of the VeraOne token activity previously operated from the United Kingdom. The company was registered as a PSAN (digital asset service provider) with the AMF in September 2023.
2022–2023:
CrypCool was incorporated on 25 July 2022 and registered as a PSAN with the AMF in September 2023. During this period, the VeraOne token activity was operated by LinGOLD Ltd. (United Kingdom), a subsidiary of the AuCoffre.com group. As at the end of 2023, the VeraOne token had more than 1,500 holders and more than 250 kg of gold under custody.
2024:
The VeraOne activity was transferred to CrypCool during the 2024 financial year. Over the full year, the transaction volume relating to the VeraOne token amounted to approximately €2,548,000. The financial year was marked by integration and regulatory compliance costs.
2025:
CrypCool reached profitability with a positive net result and strengthened equity. The activity relating to the VeraOne token experienced strong growth, with a VRO transaction volume more than 13 times higher than in 2024 and more than 360,000 VRO tokens in circulation as at the end of 2025. |
|
|
A.17 Financial condition since registration |
|
textBlock |
|
|
|
Part B – Information about issuer, if different from offeror or person seeking admission to trading |
|
|
|
|
B.1 Issuer different from offerror or person seeking admission to trading |
|
boolean |
false |
|
|
B.2 Name |
|
N/A |
|
. |
|
B.3 Legal form |
|
N/A |
. |
|
B.4 Registered address |
|
|
Registered addess |
|
N/A |
. |
|
Country |
|
N/A |
. |
|
Sub-division |
|
N/A |
. |
|
B.5 Head office |
|
|
Head office |
|
N/A |
. |
|
Country |
|
N/A |
. |
|
Sub-division |
|
N/A |
. |
|
B.6 Registration date |
|
N/A |
. |
|
B.7 Legal entity identifier |
|
N/A |
. |
|
B.8 Another identifier required pursuant to applicable national law |
|
N/A |
. |
|
B.9 Parent company |
|
N/A |
. |
|
B.10 Members of the management body |
|
|
Member #1 |
|
N/A |
. |
|
Identity |
|
N/A |
. |
|
Business address |
|
N/A |
. |
|
Function |
|
N/A |
. |
|
B.11 Business activity |
|
N/A |
. |
|
B.12 Parent company business activity |
|
N/A |
. |
|
Part C – Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 |
|
|
C.1 Name |
|
N/A |
. |
|
C.2 Legal form |
|
N/A |
. |
|
C.3 Registered address |
|
|
Registered addess |
|
N/A |
. |
|
Country |
|
N/A |
. |
|
Sub-division |
|
N/A |
. |
|
C.4 Head office |
|
|
Head office |
|
N/A |
. |
|
Country |
|
N/A |
. |
|
Sub-division |
|
N/A |
. |
|
C.5 Registration date |
|
N/A |
. |
|
C.6 Legal entity identifier |
|
N/A |
. |
|
C.7 Another identifier required pursuant to applicable national law |
|
N/A |
. |
|
C.8 Parent company |
|
N/A |
. |
|
C.9 Reason for crypto-asset white paper preparation |
|
N/A |
. |
|
C.10 Members of the management body |
|
|
Member #1 |
|
N/A |
. |
|
Identity |
|
N/A |
. |
|
Business address |
|
N/A |
. |
|
Function |
|
N/A |
. |
|
C.11 Operator business activity |
|
N/A |
. |
|
C.12 Parent company business activity |
|
N/A |
. |
|
C.13 Other persons drawing up the crypto-asset white paper according to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 |
|
N/A |
. |
|
C.14 Reason for drawing the white paper by persons referred to in Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 |
|
N/A |
. |
|
Part D – Information about other token project |
|
|
|
|
D.1 Crypto-asset project name |
|
text |
VeraOne |
|
|
D.2 Crypto-asset name |
|
text |
|
|
|
D.3 Abbreviation |
|
text |
|
|
|
D.4 Crypto-asset project description |
|
textBlock |
The VeraOne project aims to offer a blockchain-based solution for the digital ownership of physical gold through the issuance of VRO utility tokens. Each VRO token represents full and direct ownership of one gram of LBMA-certified gold securely stored in audited vaults. The project is operated by CrypCool, a crypto-asset service provider (CASP) authorised in France, and enables users to buy, hold, transfer or redeem physical gold through a secure, compliant and transparent infrastructure. The initiative promotes the democratisation of access to precious metals and bridges the gap between traditional safe-haven assets and decentralised technologies. |
|
|
D.5 Details of all natural or legal persons involved in implementation of crypto-asset project |
|
|
|
|
Person #1 |
|
id |
1 |
|
|
Type of person |
|
enumeration |
Other person involved in implementation |
|
|
Name of person |
|
text |
Jean-François Faure |
|
|
Business address of person |
|
text |
42 Rue Tauzia, 33800, Bordeaux, FR |
|
|
Domicile of company |
|
enumeration |
France |
|
|
Person #2 |
|
id |
2 |
|
|
Type of person |
|
enumeration |
Other person involved in implementation |
|
|
Name of person |
|
text |
Gabriela Pellizza Downie |
|
|
Business address of person |
|
text |
42 Rue Tauzia, 33800, Bordeaux, FR |
|
|
Domicile of company |
|
enumeration |
France |
|
|
Person #3 |
|
id |
3 |
|
|
Type of person |
|
enumeration |
Other person involved in implementation |
|
|
Name of person |
|
text |
Alexis Boeglin |
|
|
Business address of person |
|
text |
42 Rue Tauzia, 33800, Bordeaux, FR |
|
|
Domicile of company |
|
enumeration |
France |
|
|
Person #4 |
|
id |
4 |
|
|
Type of person |
|
enumeration |
Other person involved in implementation |
|
|
Name of person |
|
text |
AuCoffre.com SAS |
|
|
Business address of person |
|
text |
42 Rue Tauzia, 33800, Bordeaux, FR |
|
|
Domicile of company |
|
enumeration |
France |
|
|
D.6 Utility token classification |
|
boolean |
true |
|
|
D.7 Key features of goods or services for utility token projects |
|
text |
The VeraOne utility token (VRO) gives access to a right of ownership over a good (one gram of LBMA-certified physical gold), combining the transparency of the blockchain with the custody of physical assets. The key features include: -Digital proof of ownership: Each token corresponds to one gram of LBMA-certified gold, of which the holder is the owner at law. -Custody and storage: The physical gold is securely held by AuCoffre.com, the parent company, in dedicated vaults located at the Ports-Francs et Entrepôts de Genève (PFEG), a recognised bonded warehouse. -Redemption and liquidity: Token holders may request physical delivery or sell back their tokens through the issuer's platform, subject to compliance procedures and operational conditions. -Real-time issuance: VRO tokens are issued upon the acquisition of gold and withdrawn from circulation upon redemption. -Interoperability: As ERC-20 tokens, VRO can be transferred and stored in standard compatible Ethereum wallets. -Compliance-driven design: All services are carried out within the framework of AML/KYC procedures, with full auditability and transparency for users. This service enables users to hold and manage physical gold through a digital interface, without compromising on regulatory, operational or security standards. |
|
|
D.8 Plans for the token |
|
|
|
|
Description of past milestones |
|
textBlock |
2019: Initial launch of the VeraOne token (VRO) by LinGOLD Ltd., a company of the AuCoffre.com group, operating from the United Kingdom.
2020–2023: Progressive adoption of the token and accumulation of gold under custody.
2023: Over 1,500 token holders and more than 250 kg of gold under custody.
2023 Q3: Registration of CrypCool as a PSAN with the AMF; infrastructure migration and relaunch within the European regulatory framework.
2024: Intra-group transfer of the issuance and operations of the VeraOne token, previously operated by LinGOLD Ltd. (United Kingdom), to CrypCool SAS (France), both entities being subsidiaries of the AuCoffre.com group.
2025: Over 360,000 VRO tokens in circulation. |
|
|
Description of future milestones |
|
textBlock |
2026: Voluntary submission of the VeraOne token to Title II of Regulation (EU) 2023/1114 and admission to trading with authorised third-party CASPs under Regulation (EU) 2023/1114.
2027: Integration of tokenised gold with decentralised finance protocols (e.g. for use as collateral). |
|
|
D.9 Resource allocation |
|
text |
The VeraOne project has benefited from significant financial and operational investment since its transfer to CrypCool in 2024. The main resource allocations include: -Initial cost of acquiring the project from the former UK operator (2024); -Development and integration costs: Over €500,000 invested in 2024–2025 in the migration of the token operations to CrypCool and the implementation of regulatory compliance (including MiCA readiness and CASP authorisation). -Operational resources: Dedicated in-house team comprising executive management, legal and compliance officers, blockchain developers and support staff, based in Bordeaux, France. -Custody and logistics: Ongoing service contracts with AuCoffre.com for the secure safekeeping of the physical gold linked to VRO tokens. |
|
|
D.10 Planned use of collected funds or other tokens |
|
text |
No funds are held by the issuer. All proceeds are directly allocated to the purchase of physical gold corresponding to the issued tokens. |
|
|
Part E – Information about offer to public of other tokens or their admission to trading |
|
|
|
|
E.1 Public offering or admission to trading |
|
enumeration |
Offer to public |
|
|
E.2 Reasons for public offer or admission to trading |
|
textBlock |
The purpose of the VeraOne (VRO) utility token is to enable purchasers to access direct ownership of physical gold in digital form, corresponding to LBMA-certified bullion. The proceeds of the token issuance are allocated in full to the acquisition of physical gold corresponding to the quantity of VRO tokens issued. |
|
|
E.3 Fundraising target |
|
|
|
|
Target expressed in currency |
|
monetary |
|
EUR |
|
Target expressed in units |
|
decimal |
|
|
|
Target expressed in digital token identifier |
|
text |
|
|
|
E.4 Minimum subscription goals |
|
|
|
|
Goals expressed in currency |
|
monetary |
|
EUR |
|
Goals expressed in units |
|
decimal |
|
|
|
Goals expressed in digital token identifier |
|
text |
|
|
|
E.5 Maximum subscription goals |
|
|
|
|
Goasl expressed in currency |
|
monetary |
|
EUR |
|
Goals expressed in units |
|
decimal |
|
|
|
Goals expressed in digital token identifier |
|
text |
|
|
|
E.6 Oversubscription acceptance |
|
boolean |
false |
|
|
E.7 Oversubscription allocation |
|
text |
|
|
|
Issue price details |
|
|
|
|
E.8 Issue price (currency) |
|
enum |
EUR |
|
|
E.8 Issue price |
|
decimal |
130.00 |
|
|
E.10 Subscription fee expressed in currency |
|
decimal |
0 |
|
|
E.11 Offer price determination method |
|
text |
The price stated in E.8 corresponds to the indicative issue price as at the date of notification of this crypto-asset white paper. The effective price is determined dynamically: it is expressed in EUR and depends on the value of one gram of gold, which is itself expressed in USD on the international markets and converted into EUR at the prevailing exchange rate. The issue price incorporates the spot price of gold, a 3% subscription fee and a liquidity premium. Pricing is updated dynamically and transparently through the issuer's platform. |
|
|
E.13 Targeted holders |
|
enum |
All types of investors |
|
|
E.14 Holder restrictions |
|
text |
The restrictions applicable to holders are detailed in line G.11 of this crypto-asset white paper. In summary: the tokens may not be transferred to persons subject to international sanctions (UN, EU, OFAC), to U.S. Persons except with explicit authorisation, and Politically Exposed Persons (PEPs) are subject to enhanced due diligence. |
|
|
E.15 Reimbursement notice |
|
boolean |
Purchasers taking part in the public offer of crypto-assets will be able to be reimbursed if the minimum subscription target is not reached at the end of the public offer, if they exercise the right of withdrawal set out in Article 13 of Regulation (EU) 2023/1114 of the European Parliament and of the Council, or if the offer is cancelled. |
|
|
E.16 Refund mechanism |
|
text |
Purchasers taking part in the public offer of crypto-assets will be able to be reimbursed if they exercise the right of withdrawal set out in Article 13 of Regulation (EU) 2023/1114 or if the offer is cancelled. The right of withdrawal relates to the crypto-assets (VRO tokens) and not to the Precious Metals to which they give access. However, since the custody service for the Precious Metals is provided only to holders of the corresponding Issued Products, the exercise of the right of withdrawal entails a request for physical withdrawal of the Precious Metals under the conditions set out in the issuer's particular terms of sale. The reimbursement of the price of the crypto-assets is made within 14 days from notification of the withdrawal, by the same means of payment as that used by the purchaser for the initial transaction, without any cost being borne by the purchaser. The corresponding VRO token is removed from circulation (destroyed). |
|
|
E.17 Refund timeline |
|
text |
Reimbursement is carried out without undue delay and no later than 14 calendar days following the date on which the issuer is informed of the purchaser's decision to withdraw, in accordance with Article 13(2) of Regulation (EU) 2023/1114. |
|
|
E.18 Offer phases |
|
text |
The public offer of the VeraOne token operates on a continuous basis, without distinct phases. Issuance is carried out on demand: each subscription triggers the purchase of the corresponding physical gold and the minting of the VRO token. |
|
|
E.19 Early purchase discount |
|
text |
Not applicable. |
|
|
E.20 Time-limited offer |
|
boolean |
false |
|
|
E.23 Safeguarding arrangements for offered funds or other tokens |
|
text |
In accordance with Article 10(4) of Regulation (EU) 2023/1114, the funds received from purchasers during the 14-day withdrawal period are held in a dedicated account, functionally segregated from CrypCool's operating funds. This segregation ensures that the full reimbursement is immediately available upon request of any purchaser exercising their right of withdrawal under Article 13 of the same Regulation. |
|
|
E.24 Payment methods for other token purchase |
|
text |
VRO tokens may be acquired by bank transfer in EUR, payment in Bitcoin (BTC), payment in Ether (ETH), or conversion of precious metals held with the AuCoffre.com group. |
|
|
E.25 Value transfer methods for reimbursement |
|
text |
The reimbursement of the price of the crypto-assets is made by the same means of payment as that used by the purchaser for the initial transaction, in accordance with Article 13(2) of Regulation (EU) 2023/1114. Where the initial payment was made in crypto-assets (BTC, ETH), the reimbursement is made in EUR at the exchange rate recorded at the time of subscription. As regards the underlying Precious Metals, the exercise of the right of withdrawal entails a request for physical withdrawal under the conditions set out in the issuer's particular terms of sale. |
|
|
E.26 Right of withdrawal |
|
text |
In accordance with Article 13 of Regulation (EU) 2023/1114, every retail purchaser has a period of 14 calendar days from the date of the agreement to purchase to withdraw, without any cost or penalty and without having to give any reason for their decision. This right of withdrawal relates to the crypto-assets (VRO tokens) and not to the underlying Precious Metals to which they give access. The exercise of this right entails a request for physical withdrawal of the corresponding Precious Metals, in accordance with the issuer's particular terms of sale. The arrangements for reimbursement of the price of the crypto-assets are described in lines E.16 and E.25. |
|
|
E.27 Transfer of purchased other tokens |
|
text |
Following subscription and KYC verification, the VRO tokens are issued on the Ethereum blockchain and credited to the ERC-20 wallet designated by the purchaser, or held by CrypCool on behalf of the client where the latter opts for the custody service offered by the issuer. |
|
|
E.28 Transfer time schedule |
|
text |
The transfer of the VRO tokens is carried out within 24 to 48 business hours following confirmation of payment and validation of the KYC verification, subject to the confirmation times of the Ethereum blockchain. |
|
|
E.29 Purchaser’s technical requirements |
|
text |
If the purchaser chooses to hold their VRO tokens in self-custody, they must have a wallet compatible with the ERC-20 standard on the Ethereum blockchain. If the purchaser opts for the custody service offered by CrypCool, no specific technical requirement is needed beyond internet access and a verified account on the issuer's platform. |
|
|
E.30 Other token service provider (CASP) name |
|
text |
CrypCool SAS |
|
|
E.31 CASP identifier |
|
LEI |
969500T6CB2NOLR4UP93 |
|
|
E.32 Placement form |
|
enum |
Without a firm commitment basis |
|
|
Issue price details |
|
|
|
|
E.9 Official currency determining issue price |
|
enumeration |
|
|
|
E.9 Any other tokens determining issue price |
|
text |
|
|
|
E.10 Subscription fee |
|
|
|
|
Fee expressed in currency |
|
monetary |
|
EUR |
|
Fee expressed in units |
|
decimal |
|
|
|
Fee expressed in digital token identifier |
|
text |
|
|
|
E.11 Offer price determination method |
|
text |
|
|
|
E.12 Total number of offered or traded other tokens |
|
integer |
|
|
|
E.21 Subscription period beginning |
|
date |
|
|
|
E.22 Subscription period end |
|
date |
|
|
|
E.23 Safeguarding arrangements for offered funds or other tokens |
|
textBlock |
|
|
|
E.24 Payment methods for other token purchase |
|
textBlock |
|
|
|
E.25 Value transfer methods for reimbursement |
|
textBlock |
|
|
|
E.29 Purchaser’s technical requirements |
|
textBlock |
|
|
|
Other token services provider characteristics |
|
|
|
|
E.30 Other token service provider (CASP) name |
|
text |
|
|
|
E.31 CASP identifier |
|
LEI |
|
|
|
E.32 Placement form |
|
enumeration |
|
|
|
Trading platforms characteristics |
|
|
|
|
E.33 Trading platforms name |
|
text |
|
|
|
E.34 Trading platforms market identifier code (MIC) |
|
text |
|
|
|
E.35 Trading platforms access |
|
text |
|
|
|
E.36 Involved costs |
|
textBlock |
|
|
|
E.37 Offer expenses |
|
textBlock |
The main expenses related to the public offer of the VeraOne token include: (i) the initial acquisition cost of the VRO smart contract, transferred to CrypCool in 2024; (ii) the costs of compliance with Regulation (EU) 2023/1114 (MiCA), including legal fees, the costs of the CASP authorisation with the AMF, the internal costs of updating procedures and the costs of generating the crypto-asset white paper in iXBRL format; (iii) the recurring operational costs of the issuance infrastructure (development, maintenance, audit of the smart contract, hosting and security). The total cumulative amount of these expenses, excluding recurring operational costs, is estimated at over EUR 500,000 over the 2024-2025 period. |
|
|
E.38 Conflicts of interest |
|
textBlock |
As CrypCool is both the issuer and the custodian of the VeraOne token, an internal conflict of interest may exist between the issuance of tokens and the custody services. Appropriate governance and audit measures are in place. |
|
|
E.39 Applicable law |
|
textBlock |
French law |
|
|
E.40 Competent court |
|
textBlock |
Courts of Bordeaux |
|
|
Part F – Information about other tokens |
|
|
|
|
F.1 Other token type |
|
text |
Utility Token |
|
|
F.2 Other token functionality |
|
textBlock |
The VeraOne (VRO) token constitutes a digital title of ownership over one gram of LBMA-certified gold held in secure vaults. It enables its holders to: -Acquire, transfer or redeem gold through a blockchain infrastructure; -Benefit from 24/7 on-chain liquidity without an intermediary; -Store the token in any ERC-20 compatible wallet; -Redeem the token for physical delivery or sell it through the issuer's website, subject to KYC and operational rules; -Rely on full auditability and transparency of the gold reserves. Each token represents direct ownership of a verifiable, allocated physical asset, subject to strict custody and audit mechanisms. |
|
|
F.3 Planned application of functionalities |
|
textBlock |
All functionalities of the VeraOne (VRO) token are already active and available to holders. Token issuance, transfers, custody verification and redemption mechanisms have been fully operational since the launch of the project and are maintained under the current issuer's infrastructure. |
|
|
A description of the characteristics of the other token, including the data necessary for classification of the crypto-asset white paper in the register referred to in Article 109 of Regulation (EU) 2023/1114, as specified in accordance with paragraph 8 of that Article |
|
|
|
|
F.4 Type of crypto-asset white paper |
|
enumeration |
OTHR |
|
|
F.5 Type of submission |
|
enumeration |
NEWT |
|
|
F.6 Other token characteristics |
|
textBlock |
-Fungible and transferable between Ethereum-compatible wallets;
-Title of ownership over LBMA-certified gold held in secure vaults at the Geneva Freeports;
-Issued and redeemed on demand; -Audited regularly; -Non-interest bearing and conferring no voting rights;
-Subject to KYC/AML procedures for issuance and redemption operations. |
|
|
F.7 Commercial name or trading name |
|
text |
VeraOne, VRO |
|
|
F.8 Website of the issuer |
|
text |
https://crypcool.com/ |
|
|
F.9 Starting date of offer to the public or admission to trading |
|
date |
2026-07-20 |
|
|
F.10 Publication date |
|
date |
2026-07-17 |
|
|
F.11 Any other services provided by the issuer |
|
textBlock |
In addition to crypto-asset services regulated under Regulation (EU) 2023/1114, the issuer also provides: -The buyback of precious metals from clients, with the possibility of converting the value into VRO tokens; -The secure storage of recovery phrase fragments. These services are provided in accordance with applicable French civil and commercial law, and are distinct from the CASP activities regulated under MiCA. |
|
|
F.12 Language or languages of white paper |
|
text |
FR, EN |
|
|
F.13 Digital token identifier code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available |
|
text |
GW0G2B9FG |
|
|
F.14 Functionally fungible group digital token identifier, where available |
|
text |
X28R08F7T |
|
|
F.15 Voluntary data flag |
|
boolean |
true |
|
|
F.16 Personal data flag |
|
boolean |
true |
|
|
F.17 LEI eligibility |
|
boolean |
true |
|
|
F.18 Home member state |
|
enumeration |
France |
|
|
F.19 Host member states #1 |
|
enumerationSet |
Autriche, Belgique, Bulgarie, Croatie, Chypre, Tchéquie, Danemark, Estonie, Finlande, Allemagne, Grèce, Hongrie, Irlande, Italie, Lettonie, Lituanie, Luxembourg, Malte, Pays-Bas, Pologne, Portugal, Roumanie, Slovaquie, Slovénie, Espagne, Suède |
|
|
Part G – Information on rights and obligations attached to other tokens |
|
|
|
|
G.1 Purchaser rights and obligations |
|
textBlock |
Each VRO token confers on its holder full and direct ownership of one gram of physical gold held in secure, audited vaults.
Purchasers have the right to:
-Hold, transfer or redeem the token at any time;
-Request physical delivery of the corresponding gold, subject to applicable fees and procedures;
-Access the proof of reserve and the audit reports attesting to the correspondence between the tokens in circulation and the gold holdings.
Purchasers are required to:
-Complete the KYC/AML procedures prior to any issuance or redemption;
-Comply with applicable laws and with the terms of use set by the issuer.
-No governance or profit-sharing rights are attached to the token. |
|
|
G.2 Exercise of rights and obligations |
|
textBlock |
The rights attached to the VRO token are exercised through the issuer's website or compatible wallets, subject to the following conditions:
-Redemption or delivery requests must be initiated through a verified account after successful KYC validation;
-Transferability is available at any time via standard ERC-20 compatible tools, subject to compliance with applicable legal restrictions;
-Physical delivery requires the payment of logistical fees and the selection of authorised delivery zones; -Proof of ownership is established by on-chain possession of the token;
-Audit verification and gold-correspondence reports are accessible through the issuer's interface.
-The issuer may temporarily suspend operations for maintenance, compliance verification or force majeure events, with prior notification to users. -In the event of an over-the-counter transfer of the VRO token between two holders, the transfer of the title of ownership over the underlying gold is effected by the conclusion of a contract between the transferor and the transferee. The transferee is invited to notify CrypCool of the acquisition so that the ownership records may be updated. In the absence of prior notification, the transferee must complete an identity verification (KYC) with CrypCool before being able to exercise its redemption or physical delivery rights. |
|
|
G.3 Conditions for modifications of rights and obligations |
|
textBlock |
The rights and obligations associated with the VRO token may only be modified in the following circumstances:
-Regulatory or legal requirements necessitating updates in order to remain compliant with Union law or national laws;
-Operational updates intended to improve the security of the issuer's infrastructure, the functionality of the token or the user experience, provided that such modifications do not alter the fundamental nature of the token as digital ownership of physical gold;
-Force majeure or security events requiring a temporary or permanent adjustment of the redemption or access procedures.
Any modification will be:
-Notified in advance to all users through the issuer's official communication channels;
-Accompanied, where applicable, by an updated version of the terms and conditions and of the crypto-asset white paper; |
|
|
G.4 Future public offers |
|
textBlock |
The issuer plans to extend its tokenised precious metals offering by launching future utility tokens representing ownership of silver, platinum and palladium. These products will follow the same model as the VeraOne (VRO) token. The offers to the public of these tokens will be subject to prior compliance with the applicable regulatory frameworks and will be detailed in separate crypto-asset white papers upon their launch. |
|
|
G.5 Issuer retained units |
|
integer |
0 |
|
|
G.6 Utility token classification |
|
boolean |
true |
|
|
G.7 Key features of goods or services utility tokens |
|
text |
Each VRO token gives access to ownership of one gram of LBMA-certified physical gold, securely stored in vaults in Geneva. |
|
|
G.8 Utility tokens redemption |
|
text |
VRO token holders may request the redemption of their tokens for physical gold through the issuer's website. The redemption process is subject to the following conditions: -Minimum threshold: a minimum of 1,000 VRO tokens (equivalent to 1,000 grams of gold) is required to initiate a physical delivery request (an alternative may be offered for lower amounts); -Redemption procedure: holders must complete KYC verification and submit a delivery request; -Fees and logistics: fees apply, and delivery is limited to jurisdictions compliant with customs and security regulations; -Resale: holders may at any time resell their tokens through the issuer's website at market value, or exchange them for accepted crypto-assets or for products and services offered by the AuCoffre.com group. |
|
|
G.9 Non-trading request |
|
boolean |
false |
|
|
G.10 Other tokens purchase or sale modalities |
|
text |
VRO tokens may be purchased or sold at any time through the issuer's website (www.crypcool.com), subject to the successful completion of KYC/AML verification. Purchases may be made in EUR, BTC, ETH or in gold. After issuance, VRO tokens are transferable via any ERC-20 compatible wallet and may be traded over the counter (peer-to-peer transactions between holders), at the holder's discretion. However, the issuer does not operate a crypto-asset trading platform and does not guarantee the liquidity of the tokens outside its official website. |
|
|
G.11 Other tokens transfer restrictions |
|
text |
The transfer of VRO tokens is subject to the following restrictions:
-Tokens may not be transferred to natural or legal persons subject to international sanctions (e.g. UN, EU, OFAC lists);
-Tokens may not be transferred to U.S. Persons, within the meaning of U.S. securities law, unless explicitly authorised by the issuer;
-Politically Exposed Persons (PEPs) are subject to enhanced due diligence, and transfers to or from such persons may be restricted;
-Transfers must comply with the applicable anti-money laundering and counter-terrorist financing (AML/CFT) regulations;
-Transfers made via the issuer's website are monitored and validated in accordance with the issuer's compliance policy.
-On-chain transfers carried out outside the website remain technically possible but may result in access restrictions or refusal of redemption in the event of non-compliance with these limitations. |
|
|
G.12 Supply adjustment protocols |
|
boolean |
false |
|
|
G.13 Supply adjustment mechanisms |
|
text |
The supply of VRO tokens is governed by a strict issuance-on-demand mechanism: new tokens are issued exclusively once physical gold has been acquired and placed in secure custody. There is no algorithmic or protocol-based adjustment of the token supply in response to market demand. Conversely, VRO tokens are withdrawn from circulation (burned) upon redemption for physical delivery of the gold or upon buy-back, resulting in a decrease of the total supply. |
|
|
Other token schemes details |
|
|
|
|
G.14 Token value protection schemes |
|
boolean |
false |
|
|
G.15 Token value protection schemes description |
|
textBlock |
|
|
|
G.16 Compensation schemes |
|
boolean |
false |
|
|
G.17 Compensation schemes description |
|
textBlock |
|
|
|
G.18 Applicable law |
|
textBlock |
French law |
|
|
G.19 Competent court |
|
textBlock |
Courts of Bordeaux |
|
|
Part H – Information on underlying technology |
|
|
|
|
H.1 Distributed ledger technology (DTL) |
|
text |
VeraOne (VRO) is issued and circulates on the Ethereum blockchain, a public, decentralised and permissionless distributed ledger technology (DLT) compliant with the ERC-20 token standard. Ethereum has operated under a Proof-of-Stake consensus mechanism since « The Merge » (September 2022). |
|
|
H.2 Protocols and technical standards |
|
text |
The VRO token is implemented as an ERC-20 smart contract on the Ethereum blockchain. It complies with the widely adopted ERC-20 standard, ensuring interoperability with wallets, exchanges and DeFi platforms that support Ethereum. |
|
|
H.3 Technology used |
|
textBlock |
Tokens are stored and transferred via the Ethereum blockchain infrastructure. Holders must use an ERC-20 compatible wallet. The issuer uses cold and hot storage solutions for operational purposes, with gold custody handled in secure vaults under Swiss jurisdiction. |
|
|
H.4 Consensus mechanism |
|
text |
The Ethereum blockchain operates under a Proof-of-Stake (PoS) consensus mechanism since the Ethereum Merge (September 2022). This ensures decentralised validation of transactions and creation of blocks. |
|
|
H.5 Incentive mechanisms and applicable fees |
|
text |
No internal incentive mechanism is built into the VRO smart contract. Transaction fees ("gas") are paid to Ethereum validators by users initiating transfers. In addition, custody, redemption and operational fees may apply when interacting with the issuer's platform, as set out in the specific terms and conditions of sale. The main applicable fees are: (i) annual custody fees, calculated on the basis of the weight of gold held; (ii) redemption fees (reimbursement in fiat currency or physical delivery), including logistics costs where applicable; (iii) operational fees relating to token transfers via the issuer's platform. The detailed fee schedule is published on the issuer's platform and in the specific terms and conditions of sale. |
|
|
H.6 Use of distributed ledger technology |
|
boolean |
true |
|
|
H.7 DLT functionality description |
|
textBlock |
The VRO ERC-20 smart contract, deployed on Ethereum, immutably records the issuance, holding and transfers of the tokens. Each token is freely transferable between Ethereum-compatible wallets, and transactions are validated and time-stamped by the network. On-chain proof of ownership is complemented by the time-stamped internal records kept by CrypCool and AuCoffre. |
|
|
Other token audit details |
|
|
|
|
H.8 Audit |
|
boolean |
false |
|
|
H.9 Audit outcome |
|
textBlock |
|
|
|
Part I – Information on risks |
|
|
|
|
I.1 Offer-related risks |
|
textBlock |
The main risks associated with the offer to the public include the volatility of the gold price market, fluctuations in token valuation due to operational costs and fees, as well as limited secondary market liquidity. In addition, purchasers bear the risk of regulatory changes that may affect the public distribution of utility tokens or their use in certain jurisdictions. Risks related to gold custody: although the VRO holder benefits from an ownership right (or co-ownership right) over the underlying gold, the following risks must be taken into consideration: -Physical withdrawal of the gold requires travelling to the storage location (Geneva Free Ports and Warehouses) and is subject to handling and transport fees; -In the event of the custodian's default, the exercise of the right of reclamation is subject to a procedure that may take several months; -The proper functioning of the reclamation process presupposes the accurate keeping of ownership registers (CrypCool and AuCoffre registers, VRO blockchain, Free Ports inventory); -The bars are covered by insurance (theft, disasters, loss, misappropriation). In the event of a loss exceeding the coverage, the residual risk is borne by the owner. |
|
|
I.2 Issuer-related risks |
|
textBlock |
As CrypCool is a relatively young company (incorporated in 2022), it may face financial or operational instability. The risks include dependence on key personnel, the niche nature of its sector (tokenisation of precious metals), exposure to macroeconomic developments affecting demand for gold, and the evolution of legal frameworks. Moreover, although internal controls are in place, governance and compliance risks remain due to the innovative nature of the product and its regulation. |
|
|
I.3 Other tokens-related risks |
|
textBlock |
The risks include loss of access to the tokens due to the user's mismanagement of private keys or to incompatible wallets, potential cyberattacks or smart contract vulnerabilities, as well as price volatility not directly linked to the value of gold but to demand on the issuer's website. As a utility token, VRO offers no return on investment and no voting rights. Warning: crypto-assets are complex and volatile instruments that carry a risk of losing the entire capital invested. They may be unsuitable for your situation. |
|
|
I.4 Project implementation-related risks |
|
textBlock |
The risks include potential delays in the acquisition of gold or the issuance of tokens due to supply chain constraints, technical failures of the issuer's website infrastructure, or changes in partnerships (e.g. custodians or auditors). In addition, unforeseen events may affect the ability to provide the associated services or to maintain continuous access to the issuer's website. |
|
|
I.5 Technology-related risks |
|
textBlock |
The project relies on the Ethereum blockchain, which may face network congestion, high gas fees, or protocol-level changes. Although widely adopted, Ethereum may be subject to attack vectors that could affect the integrity of transactions or their availability. |
|
|
I.6 Mitigation measures |
|
textBlock |
The VRO holder benefits from a direct ownership right over the underlying gold. This right is enforceable against all parties, including the custodian's creditors. In the event of a failure of the DLT, of CrypCool, or of AuCoffre.com, the holder's gold does not form part of the pool of creditors' claims: the holder may claim the restitution of their gold. This protection is fundamentally distinct from that of an ordinary creditor, who would only receive a pro rata dividend. The custodian has neither the right to use the gold nor to dispose of it, and ownership is at no time transferred to it. CrypCool also maintains timestamped and secured internal registers to ensure the full traceability of the rights of token holders, independently of the integrity of the smart contract or of the distributed ledger (DLT). These internal records guarantee the continuity of clients' ownership rights even in the event of technological compromise. The custody of the physical gold is ensured by AuCoffre.com in high-security vaults located in Switzerland. |
|
|
Part J – Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts |
|
|
|
|
J.1 Adverse impacts on climate and other environment-related adverse impacts |
|
textBlock |
Information relating to the adverse impacts on climate and other environment-related adverse impacts associated with the consensus mechanism used for the validation of transactions of the VeraOne (VRO) token is presented in fields S.1 to S.9 of this crypto-asset white paper, in accordance with Commission Delegated Regulation (EU) 2025/422. |
|
|
Mandatory information on principal adverse impacts on the climate and other environment-related adverse impacts of the consensus mechanism |
|
|
|
|
General information about adverse impacts |
|
|
|
|
S.1 Name |
|
text |
CrypCool SAS |
|
|
S.2 Relevant legal entity identifier |
|
text |
969500T6CB2NOLR4UP93 |
|
|
S.3 Name of the crypto-asset |
|
text |
VeraOne |
|
|
S.4 Consensus mechanism |
|
text |
Token / No consensus algorithm |
|
|
S.5 Incentive mechanisms and applicable fees |
|
text |
The tokens do not have their own consensus mechanism, but rely on the consensus mechanism of one or more underlying crypto-asset networks. Depending on the design of the token, incentive mechanisms derive from utility, scarcity or governance rights. |
|
|
S.6 Beginning of period to which disclosed information relates |
|
date |
2026-03-18 |
|
|
S.7 End of period to which disclosed information relates |
|
date |
2026-03-31 |
|
|
Mandatory key indicator |
|
|
|
|
S.8 Energy consumption |
|
energy (kWh) |
0.03963 |
|
|
Sources and methodologies |
|
|
|
|
S.9 Energy consumption sources and methodologies |
|
textBlock |
Data provided by CCRI; all indicators are based on a set of assumptions and therefore represent estimates; a description of the methodology and an overview of the input data, external datasets and underlying assumptions is available at: https://carbon-ratings.com/dl/whitepaper-mica-methods-2024 and https://docs.mica.api.carbon-ratings.com. We do not take into account energy consumption offsets or other market-based mechanisms to date. |
|
|
Supplementary information on principal adverse impacts on climate and other environment-related adverse impacts of consensus mechanism |
|
|
|
|
Supplementary key indicators |
|
|
|
|
S.10 Renewable energy consumption |
|
percent |
|
|
|
S.11 Energy intensity |
|
energy (kWh) |
|
|
|
S.12 Scope 1 DLT GHG emissions – controlled |
|
GHG emissions (tCO2e) |
|
|
|
S.13 Scope 2 DLT GHG emissions – purchased |
|
GHG emissions (tCO2e) |
|
|
|
S.14 GHG intensity |
|
GHG emissions (tCO2e) |
|
|
|
Sources and methodologies |
|
|
|
|
S.15 Key energy sources and methodologies |
|
textBlock |
|
|
|
S.16 Key GHG sources and methodologies |
|
textBlock |
|
|
|
Optional information on principal adverse impacts on the climate and on other environment-related adverse impacts of the consensus mechanism |
|
|
|
|
Optional indicators |
|
|
|
|
S. 17 Energy mix |
|
percent |
|
|
|
S.18 Energy use reduction |
|
|
|
|
Energy use reduction target (absolute value) |
|
energy (kWh) |
|
|
|
Energy use reduction target (percentage) |
|
percent |
|
|
|
S.19 Carbon intensity (kgCO2e/kWh) |
|
decimal |
|
|
|
S.20 Scope 3 DLT GHG emissions – value chain |
|
GHG emissions (tCO2e) |
|
|
|
S.21 GHG emissions reduction targets or commitments |
|
textBlock |
|
|
|
S.22 Generation of waste electrical and electronic equipment (WEEE) |
|
mass (tonnes) |
|
|
|
S.23 Non-recycled WEEE ratio |
|
percent |
|
|
|
S.24 Generation of hazardous waste |
|
mass (tonnes) |
|
|
|
S.25 Generation of waste (all types) |
|
mass (tonnes) |
|
|
|
S.26 Non-recycled waste ratio (all types) |
|
percent |
|
|
|
S.27 Waste intensity (all types) |
|
mass (tonnes) |
|
|
|
S.28 Waste reduction targets or commitments (all types) |
|
textBlock |
|
|
|
S.29 Impact of use of equipment on natural resources |
|
textBlock |
|
|
|
S.30 Natural resources use reduction targets or commitments |
|
textBlock |
|
|
|
S.31 Water use |
|
volume (m3) |
|
|
|
S.32 Non recycled water ratio |
|
percent |
|
|
|
Sources and methodologies |
|
|
|
|
S.33 Other energy sources and methodologies |
|
textBlock |
|
|
|
S.34 Other GHG sources and methodologies |
|
textBlock |
|
|
|
S.35 Waste sources and methodologies |
|
textBlock |
|
|
|
S.36 Natural resources sources and methodologies |
|
textBlock |
|
|
