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Independent Phoenix Network Custodians

At the foundation of PGN's decentralized custody model are the Independent Phoenix Network Custodians. These custodians are responsible for the physical storage and security of gold on behalf of the network. Spread across various geographical locations, these custodians mitigate the risks associated with centralized storage, such as theft, regulatory issues, or political instability. By employing a diverse range of reputable custodians, PGN ensures that the physical gold backing Cyphers is securely held under stringent security measures, with transparency and accountability at the forefront of operations.