We do not simply hold Gold.
A physical Gold fund, actively managed, that seeks to turn part of its realised performance into more physical ounces.
Who is behind this Fund.
Springbox is a financial technology and investment group built around quantitative market intelligence, risk management and specialised financial applications.
- SEC Registered Investment Adviser
- NFA Commodity Trading Advisor
- 60 years combined founder experience
- Gold Reserve Sukuk
- CME Group / Nasdaq Dubai
- AI World Championship
One intelligence layer.
Many financial applications.
- Quantitative Intelligence
- Market Expertise
- Risk Management
- Technology
In gold: the entities directly involved in the Fund.
Sixty per cent physical Gold.
Managed with intent.
20%
40%
30%
10%
- 20% — Permanent Gold
- 40% — Tactical Gold
- 30% — Alpha & Hedging
- 10% — Cash
Indicative target allocation, subject to final structuring and the Fund's investment policy.
Owning Gold is passive.
The same ounces, held and waited on.
Springbox seeks to manage Gold intelligently.
Active management, seeking more ounces over time. Illustrative only — not a projection of performance.
Gold at the centre.
Markets around it.
The Alpha & Hedging Engine reads global markets together — to identify opportunity, changing regimes and potential protection around the Fund's Gold position.
Gold is measured in generations. So is responsibility.
Every NAV can create
Part of realised performance is progressively transformed into additional physical ounces.
How the monthly conversion works +
- Realised performance — closed positions, not paper gains.
- Monthly NAV — independently calculated by the administrator.
- A defined portion of realised profits is allocated.
- Physical Gold is purchased and delivered into custody.
- The physical reserve grows in weight — more ounces held.
Built in Abu Dhabi.
Structured to be trusted.
ADGM · FSRA intended authorisation · Abu Dhabi / Switzerland / London
Who manages?
An intended ADGM investment manager
Springbox, through an intended ADGM investment management company owned by Springbox AI Holding (ADGM) LTD.
Who holds?
Institutional Gold custody
Physical Gold custody and storage, expected across Abu Dhabi, Switzerland and London.
Who calculates?
An independent administrator
Net Asset Value independently calculated, monthly, by an independent ADGM fund administrator.
Who controls?
Separated governance
Subscriptions and redemptions administratively supervised; governance separated from investment management.
Founded by Mostafa Belkhayate and Fayze Bouaouid.
SEC / NFA / CME / Nasdaq Dubai / AI World Championship / Gold Reserve Sukuk / 60 years combined experience
Regulatory status
The Fund is intended to be structured and domiciled in ADGM as a private professional-investor fund, most likely under the Qualified Investor Fund or an equivalent private-fund framework. The relevant FSRA Financial Services Permission is to be sought.
Target launch: early 2027, targeting January / February. All elements are proposed and intended, subject to final legal and regulatory confirmation; the launch date is a target, not a guaranteed regulatory timeline.
Risk architecture
How much risk — active risk is confined to a clearly defined risk budget, sized at the level of the Alpha & Hedging Engine rather than the whole Fund.
Where risk is taken — risk is compartmentalised: the Permanent Gold Core is not used as collateral for tactical activity.
When capital is deployed — deployment and protection decisions follow regime analysis, with a liquidity reserve maintained throughout.
Allocation detail
20% Permanent Gold Core — intended to remain held as a long-term physical reserve.
40% Tactical Gold Reserve — physical Gold exposure that may be partially reduced or rotated on a significant change in market regime.
30% Alpha & Hedging Engine — inter-market analysis designed to generate alpha and to manage or hedge risk dynamically.
10% Cash Reserve — liquidity supporting flexibility and redemption administration.
Experience & track record
Mostafa Belkhayate and Fayze Bouaouid, French-Moroccan founders with approximately sixty years of combined experience across financial markets, asset management, commodities, risk management and quantitative and systematic strategies.
SEC Registered Investment Adviser and NFA Commodity Trading Advisor activity within the Springbox group.
CME Group / Nasdaq Dubai competitions — 1st place 2022, 2nd place 2023.
AI World Championship — AI in Commodities Trading, Abu Dhabi, 2025.
Gold Reserve Sukuk — founded and structured in the DIFC, involving institutional counterparties including Emirates NBD Capital and Citibank N.A. London Branch, with institutional Gold custody infrastructure.
Two ways to participate.
Invest in the Fund.
A physical Gold core, a tactically managed reserve, a defined active risk budget, and monthly NAV events through which a portion of realised profits may become more physical Gold.
Intended ADGM private professional-investor fund · target launch early 2027
Become a strategic partner.
Participate in the platform behind the Fund, at Springbox Holding level.
Proposed: USD 10 million for 30% of Springbox AI Holding (ADGM) LTD, or a convertible loan of 3 or 5 years — subject to final legal terms.
A conversation,
not a subscription button.
Abu Dhabi Global Market, Abu Dhabi, UAE. Contact details are placeholders pending confirmation.