“Can a gold-custody fintech turn physical precious metals into a fully liquid, everyday payment instrument that competes with traditional bank accounts?”
Veracash was founded as the fintech subsidiary of AuCOFFRE.com, a French precious metals marketplace, to add payment functionality on top of physical gold and silver custody. The core innovation was backing a Mastercard debit card with allocated precious metals stored in Swiss vaults, allowing customers to pay in gold without counterparty risk. Veracash holds its own ACPR EMI license but operates the card and payment services through Treezor SAS as a licensed agent, outsourcing the regulated payment infrastructure while retaining control of the gold custody layer. The business is positioned as an alternative-to-bank proposition, enabling customers to use precious metals savings as liquid daily-spending assets.
Veracash discloses Treezor as its banking provider, according to the Embedded Finance Index 2026.
Veracash does not disclose a bank charter of its own; its banking services are provided through Treezor.
Veracash processes payments through Treezor.
Veracash's cards are issued through Treezor.
The Embedded Finance Index 2026 maps 3 layers in Veracash's stack: Payments / PSP (Treezor); Banking / BaaS (Treezor); Card issuing (Treezor).
Veracash was founded by Jean-François Faure (CEO) and is headquartered in 42 rue Tauzia, 33800 Bordeaux, France.
Get a read on where your own stack stands against Veracash and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.