# Transparency

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### **Custodianship and Verification - Role of UBB Trustees:**

UBB Trustees play a pivotal role as custodians of the KSGEMS gemstone portfolio. Their responsibilities include:

* **Secure Storage:** Gemstones are stored in state-of-the-art, high-security facilities with advanced surveillance, restricted access, and environmental controls to ensure optimal preservation.
* **Proper Management:** UBB Trustees oversee all aspects of gemstone handling, ensuring that the assets are meticulously cataloged, monitored, and protected.
* **Periodic Verification:** Regular inspections and reconciliations are conducted to verify that the physical assets match their corresponding records and certifications.

### **Insurance Coverage by Tokio Marine:**

Every gemstone in the KSGEMS portfolio is comprehensively insured by Tokio Marine, a globally trusted insurance provider.

* **Risk Mitigation:** The insurance policy covers the full market value of all gemstones, protecting against risks such as theft, physical damage, or loss.
* **Investor Confidence:** Comprehensive insurance ensures that stakeholders are shielded from unforeseen events, reinforcing the security and reliability of the ecosystem.

### **Auditing and Verification:**

To maintain transparency and accountability:

* **Third-Party Audits:** Independent auditors are engaged to verify the physical holdings, insurance terms, and compliance with legal and regulatory standards.
* **Transparent Reporting:** Audit results and verification records are made available to stakeholders, ensuring that all operations are conducted with the highest level of integrity.
