Transparency
"On-chain reserves" gets used loosely across crypto. For Miligram, it has a specific meaning worth spelling out: token supply and the metal it represents both leave a trail you can look at, rather than a claim you have to accept on faith.
What lives on Hedera
$MILG and $MILS are issued on Hedera, and issuance is controlled by a multi-signature treasury — no single key can mint new supply. That means the total number of tokens in circulation at any moment is a public, auditable fact of the ledger, not a number Miligram simply reports.
What still relies on a named party
The blockchain can prove how many tokens exist. It can't, by itself, prove how many milligrams of physical metal sit in a vault somewhere — that side of the equation is confirmed by [Auditor], who reviews reserve balances against the allocated metal held with [Vaulting partner]. Verifiable reserves on Miligram combine both halves: a transparent token supply on Hedera, and independent review of the metal backing it.
Why this matters
Plenty of tokenized-asset products ask you to trust a dashboard. Putting issuance on a public ledger with a multisig treasury narrows the trust surface to one place — the metal-to-token link — and puts a named auditor's reputation behind exactly that link. See Security for the full set of controls.
Not investment advice: this article is educational. Nothing here is financial, legal, or tax advice.
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