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Custody

Every item on Nicest is held in insured storage in London, segregated and identified by its asset record. Owning the token is owning the item; we hold it for you.

Who holds the items

At launch the founder of Nicest is the interim custodian of the founding collection, holding each item as bailee for its holder in an insured private vault in London. A professional custodian will take over as the collection grows; holders will be told before any change, and their ownership is unaffected.

How items are kept

  • Each item is stored separately and labelled with its token number and asset-record fingerprint.
  • Cels and paper are interleaved with archival tissue and stored flat, away from light, at stable temperature and humidity.
  • Coins stay in their grading-service holders.
  • Condition reports are kept with each item and updated when it is handled.

Insurance

Each item is insured against loss, theft and damage for its latest appraised value, with the holder as loss payee. If an item is lost or destroyed, its token is retired and the insurance proceeds are paid to the holder at the time of loss (Token Terms A8).

Audits

An independent audit at least [annually] checks every item against its record. Summary results are published here.

DateScopeReport
11 Sep 2026Full count of all 12 items against asset records; condition spot checks on 4 itemsSummary on request
14 Mar 2026Full count; storage conditions (temperature, humidity) reviewSummary on request

If Nicest stops operating

Items are held on trust for holders under the [Trust Deed] and are not part of our estate or the custodian’s. If either becomes insolvent or stops operating, the trustee will appoint a successor custodian or arrange delivery of every item to its holder (Token Terms A9).

Taking delivery

You can take any item you hold out of custody. See taking delivery.