Legal

Disclosures

Draft — pending legal review (Baker): the risk factors below describe how Miligram works today. Miligram's specific regulatory registrations and state-by-state licensing status (including any money transmitter or money services business status) are being finalized with outside counsel and are not asserted on this page. This section will be updated with specific registration and licensing information before Miligram is publicly available.

Not financial, legal, or tax advice

Nothing on this site, in the app, or in any Miligram communication is financial, legal, or tax advice. Miligram does not recommend any allocation between gold, silver, or any other asset. You should consult your own advisors before making financial decisions.

Availability

Miligram is launching in the United States first, and availability is limited to supported states at launch. The specific list of supported states, and any licensing or registration required in each, is being finalized with outside counsel and will be published here before public launch.

Regulatory status

Miligram does not currently assert any specific money transmitter license, money services business registration, or other regulatory status on this page. That determination is pending a written opinion from outside counsel (Baker), and this section will be updated with accurate, specific language once that review is complete.

Tokenized-metal risk

Holding $MILG or $MILS carries risks, including but not limited to:

Price volatility. The value of $MILG and $MILS moves with the market price of gold and silver, which can be volatile and can decline.
No yield. Miligram does not pay interest or yield. The 0.065% monthly holding fee is a cost, not a return, and reduces your balance over time.
Custody and counterparty risk. Metal is held in allocated vaulted storage by third-party partners. While reserves are designed to be verifiable, holders rely on the vaulting, insurance, and audit arrangements described in Security.
Redemption logistics. Physical redemption is limited to whole-coin units, carries a premium over spot, and may take time to fulfill and ship.
Technology risk. Tokens are issued and transferred on the Hedera network. Network outages, protocol issues, or wallet errors (particularly for self-custodied tokens) can affect access to or transfer of tokens.
No deposit insurance. $MILG and $MILS are not bank deposits and are not insured by the FDIC, SIPC, or any government program.
Liquidity risk. The ability to buy, sell, or redeem may be affected by market conditions, operational limits, or regulatory requirements.
Regulatory change. Laws and regulations applicable to tokenized assets are evolving and may change how Miligram can operate or who can use it.

Fees

Miligram charges a 0.065% monthly holding fee, a spread on buys and sells, and a premium on physical redemption. Full detail is on the Pricing page.

Changes to these disclosures

We will update these disclosures as Miligram's regulatory position is finalized and as the product evolves. Material changes will be reflected by an updated revision date once this page is finalized.

Contact

Questions about these disclosures can be sent through the Contact page.