StoneX Receives CME Approval for New York Vault to Store and Deliver Precious Metals

StoneX Group Inc. has received approval from CME Group to operate a vault in New York for the storage and delivery of precious metals under COMEX and NYMEX contracts. The certification allows StoneX to handle gold, silver, platinum, and palladium deliveries, strengthening its role in exchange-traded metals logistics and offering direct access to institutional clients seeking regulated U.S.-based storage.

The newly approved facility becomes one of only 11 depositories in the United States authorized by the CME to support physical deliveries of metals. StoneX is now the only non-bank futures commission merchant with such authorization, a move that reinforces its position as a full-service infrastructure provider in the global commodities space.

“We’re uniquely positioned to support their needs across the full trade lifecycle”

Philip Smith, Chief Executive Officer of StoneX Group Inc., commented, “Our approval as a CME-Approved Depository is a natural extension of our long-term strategy to build a fully integrated global metals platform. 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. As markets evolve, we are positioning StoneX to be not just a participant but a builder of infrastructure that supports transparency, access, and resiliency across the commodities space.”

The New York vault gives StoneX clients streamlined access to COMEX and NYMEX delivery mechanisms, simplifying logistics for banks, refiners, and institutional traders. The approval arrives as physical precious metal inventories held in New York reached record levels, with COMEX reporting more than 43 million ounces of gold in Q1 2025.

Michael Skinner, Global Head of Metals at StoneX, said, “This milestone further deepens our ability to deliver seamless, end-to-end solutions for our precious metals clients. Whether clients are seeking to trade futures, manage physical inventories, or make and take delivery through the exchange, we’re uniquely positioned to support their needs across the full trade lifecycle—with the reliability and credibility that comes from being both a regulated FCM and an exchange-approved depository.”

The facility also complements StoneX’s global storage infrastructure, which includes vaults in London and Frankfurt, and expands its North American presence. The company continues to grow its vertically integrated metals offering, with solutions that span clearing, execution, financing, risk management, and physical delivery.

StoneX Group Inc., listed on NASDAQ under the ticker SNEX, provides capital markets access to over 54,000 institutional and commercial clients and more than 400,000 retail accounts. The firm employs over 4,600 people across more than 80 offices worldwide.