What "allocated" actually means

"Allocated" is one of those words that sounds like marketing until you understand what it rules out. In precious metals, it's a specific, meaningful distinction — and it's the model Miligram uses for every milligram of $MILG and $MILS.

Allocated vs. unallocated

Unallocated metal is a balance-sheet promise: the provider owes you an amount of metal, but no specific bars or coins are set aside for you. It's a claim on the provider, similar to how a bank owes you your deposit balance without holding your specific bills in a box with your name on it.

Allocated metal is different. Specific bullion is identified and segregated for holders — it isn't pooled with the provider's own inventory, and it isn't lent out or rehypothecated to someone else in the meantime. It's a claim on metal, not a claim on a company.

How Miligram applies this

Every $MILG and $MILS token corresponds to one milligram of allocated gold or silver held in professional vaulted storage. Reserve balances are recorded on Hedera, so the relationship between tokens in circulation and metal in the vault is verifiable rather than simply asserted. See Securityfor the full picture, including custody and audit controls.