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Glint pitches live gold-transactions platform; emphasizes compliance, custody and local vaulting options
Summary
Glint's CEO and compliance officer described a live transactional gold payments platform that uses custodial vaulting and bank-issuer relationships; they stressed existing regulatory obligations and proposed in‑state silos and bank integrations to address continuity and security concerns.
Jason Cousins, founder and CEO of Glint, described the company's transactional gold platform and told the group the product is already operating with U.S. customers and regulatory oversight. "Glint is already up and running, and we're completely compliant with all the rules, that exist," Cousins said, noting an issuing bank relationship and card integration that allow customers to spend in dollars while maintaining gold‑backed ledgers.
Mark Pollos (chief compliance officer for Glint) briefed the committee on compliance areas including anti‑money‑laundering, Regulation E (electronic funds transfer) and UDAAP protections for consumers. Both emphasized custodial controls and audit regimes; Cousins recommended an in‑state technology and custodial 'silo' using a local Brink's vault to improve continuity and state oversight, rather than sole reliance on overseas custody.
