The state of Texas has run a "depository" for precious metals since 2018. In practice, it operates as a sort of specialized safe deposit vault, with holdings o

The state of Texas has run a "depository" for precious metals since 2018. In practice, it operates as a sort of specialized safe deposit vault, with holdings of each account kept segregated: https://www.texasbulliondepository.gov/faqs https://www.texasbulliondepository.gov/faqs Fees are 0.5% of value per year: https://www.texasbulliondepository.gov/pricing https://www.texasbulliondepository.gov/pricing Apparently there is no per-transaction charge, unlike the proposed digital instrument.