StoneX Group received approval from CME Group to operate a CME-registered depository at its New York vault. This development enables the firm to store and deliver key precious metals, including gold, silver, platinum, and palladium, under COMEX and NYMEX contracts.

In a statement by the company today (Tuesday), the offering improves access for institutional traders, banks, and other market players. As demand for U.S.-based precious metal storage grows, StoneX's new depository offers a key advantage to clients seeking seamless, regulated delivery solutions.

Eying Integrated Global Metal Platform

"Our approval as a CME-Approved Depository is a natural extension of our long-term strategy to build a fully integrated global metals platform," said Philip Smith, Chief Executive Officer of StoneX Group Inc.

"We have made significant investments to serve our clients end-to-end, from trade execution and inventory hedging to physical settlement, and this move enhances our ability to meet that need at scale."

StoneX's expansion into precious metals logistics highlights its ambition to become a key player in global markets. The CME-approved designation for its New York vault is a significant leap forward in the firm's strategy to build a fully integrated metals platform.

This vault now allows StoneX clients to access the COMEX and NYMEX delivery networks directly, making it one of just 11 depositories in the U.S. authorized to facilitate such transactions.

By offering both secure storage and direct access to the exchange, StoneX deepens its role in the physical metals sector, serving institutional clients and bullion dealers with an enhanced suite of services.

Physical Metal Trading in New York

This approval comes at a time when physical metal influx into New York has reached unprecedented levels. COMEX inventories reportedly surpassed 43 million ounces of gold in the first quarter of 2025, signaling a growing demand for secure, U.S.-based storage solutions.

StoneX's vault addresses this demand, reinforcing the firm's capabilities in metals logistics while ensuring that clients benefit from a highly regulated, transparent delivery process.

The StoneX vault stands out not only for its strategic location but also because it is the only non-bank futures commission merchant (FCM) with CME depository status. In addition to its New York vault, StoneX operates vaults in London and Frankfurt, which complement its U.S. operations and enhance its global reach.

Source: Finance Magnates