Asahi Depository LLC Receives CME Group Approval for Vaulting

Asahi Depository LLC (ADL) is proud to announce its approval by the CME Group (CME) as a storage facility for Gold, Silver, Platinum, and Palladium. This is a significant achievement as the approval, which is dually applicable for both the Commodities Exchange (COMEX) and the New York Mercantile Exchange (NYMEX), ensures that ADL meets strict standards for security, transparency, and accuracy in the storage and handling of precious metals.

“We are pleased to receive approval from the CME for the depository,” explains Joe Nuebling, General Manager of ADL. “As a globally recognized and trusted leader in precious metal refining, Asahi Refining’s expansion into vaulting and storage services was a natural extension of our core strengths and commitment to providing the highest level of protection for the world’s most valuable assets.”

ADL is a subsidiary of Asahi Refining, a leader in precious metals refining, with refineries in the US and Canada and a precious metals mint located in Miami, Florida.

Located in Blauvelt, NY, ADL is located within 30 miles of the CME in New York. ADL’s near proximity to the New York metropolitan area provides easy access to a range of financial institutions, and other industry professionals. Likewise, the location, just outside of Manhattan, offers a distinct advantage of accessibility without the hassle of navigating the city’s logistical challenges.

Asahi Depository’s approval by the CME is a significant achievement for the company as it looks to establish itself as a leader in the precious metals storage industry. With its state-of-the-art facility, expert staff, and prime location, Asahi Depository is well-positioned to meet the needs of the global precious metals market for years to come.

About Asahi Refining

Asahi Refining, a wholly owned subsidiary of Asahi Holdings Inc., is a leading precious metal refiner, trader, and bullion product manufacturer. The company maintains London Good Delivery refineries in the USA and Canada and serves a global client base from the mining, recycling, banking and bullion trading industries. Find out more at www.asahirefining.com.

For a pdf version of this post, please click here.