Receipt-backed commodity exchange

Trade the receipt.
Not the promise.

Warehouse lists real commodities held under bonded custody. Every lot maps to a parsed warehouse receipt, independently verified inventory, and a one-to-one redemption right.

Warehouse receiptOPERATOR

LotKE-AA-1183

CommodityArabica green · washed AA

CustodyMeridian Bonded 04, Mombasa

Inspection2026-05-14

Price refGold API · free reference

SPECIMENreceipt #WR-1183

Verification4 sources / claim

Price feedconnecting…

Bonded custody6 facilities · 4 jurisdictions

Redemptionphysical + cash · 1:1

GET /v1/receipts/WR-1183JSON

{
  "lot_id": "KE-AA-1183",
  "receipt_status": "verified",
  "available_quantity": 275.00,
  "reserved_quantity": 120.00,
  "unit": "bags · 60kg",
  "last_verified_price": 214.80,
  "currency": "USD",
  "price_source": "Gold API",
  "quoted_at": "2026-05-14T09:12:04Z",
  "inspection_timestamp": "2026-05-14"
}

Verification sources · per claim

Custodyoperator attestation

Inventory3rd-party inspection

Encumbrancelien registry pull

Price refGold API · public feed

Audit-ready receipt schema10 fields

Price oracleLIVE

—

connecting…—

FeedGold API · XAU

CurrencyUSD · troy oz

Refreshon load · public

PUBLIC REFERENCEno key required

Redemption path1:1

01Hold receipt claim
02Request settlement
03Custody release / cash

PHYSICAL + CASHbonded custody

Custody network6 SITES

KenyaMombasa · 2 bonded

UAEJebel Ali · 1 bonded

SingaporeJurong · 2 bonded

SwitzerlandGeneva FTZ · 1 vault

4 JURISDICTIONSbonded + audited

SettlementUSDC

RailUSDC · on-chain

Redemptionphysical or cash

WindowT+2 · operator

Backing1:1 · per lot

NON-CUSTODIALkeys stay yours

Reference inventory board operator feed · pending verification

Asset	Warehouse	Last	24h	Trend	Avail / Reserved	Receipt

Click any lot to inspect its receipt record · settlement in USDC, redemption in physical goods

01 / How a physical lot reaches the board

From dock receipt to a tradable, redeemable claim

Nothing lists until the goods are located, inspected, and free of prior claims. The board only shows lots the agent can trace end to end.

INTAKE

Read the paper

Warehouse receipts, delivery orders, inspection certificates and custody terms are parsed into one typed record with a source on every field.

RECONCILE

Check the goods

Declared quantity, grade and lot are reconciled against the storing operator and third-party inspection. Liens are pulled from registry. Conflicts lower confidence, they are not hidden.

LIST

Bind the claim

Once custody and title hold, the lot lists on the board as a token that maps to a specific redemption right, not a pooled share.

REDEEM

Return to goods

The holder follows a defined path from on-chain claim to physical delivery or cash settlement of the exact lot.

02 / The record behind every market row

Each lot is an auditable receipt, field by field

A board row is a flattened warehouse receipt. Every field carries its source and a confidence weight, so a claim is checkable line by line rather than trusted whole.

FieldTypeSourceWhy it matters

issuerentityreceiptWho is legally accountable for the goods being present.

commodity · lotstringreceipt + inspectionIdentifies the specific goods, not a fungible category.

quantity · grademeasureinspectionWhat is actually present, at what quality, independently checked.

custodyenumoperatorWhich bonded facility holds it and under what terms.

encumbrancelistregistryExisting liens that would rank ahead of the holder.

claim_statusderivedagentThe verdict: listed, pending re-audit, or locked.

04 / Plain answers

How the exchange actually works

What am I actually trading?

A claim to a specific lot of physical commodity held under bonded custody. Each board row references a real warehouse receipt with issuer, lot, grade, quantity and custody terms parsed into a typed record.

Is Warehouse the custodian?

No. Goods stay with disclosed bonded operators and audited facilities. Warehouse is the receipt-intelligence and settlement layer that verifies, lists, and represents the claim. It does not store the goods itself.

How is backing proven per lot?

A lot only lists once title, physical inventory, custody terms and encumbrances are reconciled across independent sources. The evidence and its confidence score stay attached to the lot and are re-checked on a schedule.

What does the receipt status mean?

Verified means custody and inspection currently hold. Pending means a re-audit is in progress. Locked means an unresolved lien or lapsed inspection has paused trading until it clears, in the open.

How does redemption work?

The holder follows a defined path from the on-chain claim back to the exact lot: physical delivery from the bonded facility, or cash settlement at the lot's last verified price.

What is $WRHS?

$WRHS is the coordination and settlement layer for the exchange and its verification network. Specific mechanics are published as they are confirmed.