CHEYENNE, Wyoming, Sept. 09, 2026 (GLOBE NEWSWIRE) -- GGBR Inc. (d/b/a Goldfish), the technical developer and operator of gold-backed digital tokens, today announced the completion of a restructuring of the collateral supporting its Goldfish tokens. Effective August 19, 2026, Goldfish tokens are backed by the GGBR Trust (the "Trust"), which holds 1,000,000 troy ounces of in-situ gold derived from the Happy 2 Mine claims. All holders of Goldfish tokens are beneficiaries of the Trust.
The new structure replaces the prior lease-based arrangement under which Goldfish tokens were supported by tokens issued by a third party. Under the Trust structure, the gold resource is held directly for the benefit of token holders rather than through an intermediary token layer.
Key elements of the Trust structure:
- Direct beneficial interest. Each Goldfish token holder is a beneficiary of the GGBR Trust in proportion to tokens held.
- 1,000,000 troy ounces of in-situ gold. The Trust's corpus consists of 1,000,000 troy ounces of in-situ gold from the Happy 2 Mine claims, which are supported by a NI-43-101 instrument that was prepared with respect to the Happy 2 Mine by a registered geologist in June 2013 and updated by R&D Adventures, LLC in 2026.
- Independent trustee. The Trust is administered by Le Petit Bouffant, Ltd, an independent trustee, under a trust agreement dated August 19, 2026.
- Transparency. A trustee certification of the trust agreement, the resource documentation, and the Trust's holdings is available by request through goldfishgold.com.
"Moving the collateral into a trust held for the benefit of token holders is the simplest and most direct way to give Goldfish holders what they actually want: a clear, enforceable claim on the gold behind their tokens," said Colin Breeze, General Counsel of GGBR Inc. "We removed a layer between the holder and the asset."
"We are very happy to partner and support the GGBR opportunity" said Jean Howard, principal of Fluent Technologies LLC, owner of the Happy 2 Mine claims.
Goldfish token holders do not need to take any action; existing tokens are automatically covered by the Trust structure. Updated documentation, including the revised token terms, is posted at goldfishgold.com.
About GGBR Inc. (Goldfish)
GGBR Inc. issues gold-backed digital tokens supported by in-situ gold held in the GGBR Trust for the benefit of token holders. The company is based in Cheyenne, Wyoming.
Each Goldfish Gold token (GGBR) represents 1/1000th of a troy ounce and is pegged in real-time to the London Bullion Market Association (LBMA) Gold Spot Price, giving users direct, premium-free exposure to gold’s historic role as the ultimate safe-haven asset during uncertain times.
Learn more about Goldfish or purchase GGBR tokens directly at goldfishgold.com.
About the Happy 2 Mine Claims
The claims are part of a 320-acre public land site in Pinal County, Arizona consisting of 16 claims located 25 miles east of the city of Eloy, Arizona.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the Trust structure, the gold resource held by the Trust, and the benefits of the restructuring to token holders. In-situ gold represents a mineral resource in the ground and has not been extracted, refined, or delivered; resource estimates are subject to geological, engineering, permitting, and economic uncertainty and may differ materially from quantities ultimately recovered. Forward-looking statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. GGBR Inc. undertakes no obligation to update any forward-looking statement except as required by law.
This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any token or security in any jurisdiction.
