---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-037024"
form_type: "8-K"
ticker: "GLDM"
cik: "0001618181"
company_name: "World Gold Trust"
filed_at: "2025-12-05T23:59:59+00:00"
generated_at: "2026-05-16T14:15:30.003012+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# GLDM terminates ICBC as custodian; JPMorgan remains sole custodian

## Summary
- Effective Dec 5, 2025, ICBC Standard Bank ceased as gold custodian for SPDR Gold MiniShares Trust.
- Termination was mutual; ICBC has not held GLDM's gold since July 31, 2024.
- JPMorgan Chase Bank, N.A. is now the sole custodian of all GLDM gold.
- No cost incurred by Trust or shareholders from termination of ICBC Custody Agreements.

## SEC filing metadata
- accession: 0001437749-25-037024
- form_type: 8-K
- ticker: GLDM
- cik: 0001618181
- company_name: World Gold Trust
- filed_at: 2025-12-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618181/000143774925037024/0001437749-25-037024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618181/000143774925037024/gldm20251201_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-037024
- JSON: https://secwatch.observer/filing/0001437749-25-037024.json
- Plain text: https://secwatch.observer/filing/0001437749-25-037024.txt

## Key facts
- Material Agreements
  World Gold Trust terminated ICBC Custody Agreements with ICBC Standard Bank plc (effective 2025-12-05).
  - Action: termination
  - Counterparty: ICBC Standard Bank plc
  - Effective: 2025-12-05
  source text: Effective December 5, 2025 (the “Effective Date”), ICBC Standard Bank plc (“ICBC”) will no longer serve as a custodian for the gold of SPDR® Gold MiniShares® Trust (“GLDM”), a series of World Gold Trust (the “Trust”). Pursuant to a termination agreement between the Trust, on behalf of GLDM, and ICBC, the parties have mutually agreed to terminate the Second Amended and Restated Allocated Gold Account Agreement dated October 24, 2023 and the First Amended and Restated Unallocated Gold Account Agreement dated October 24, 2023 and amended on May 28, 2024 (together, the “ICBC Custody Agreements”), effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618181/000143774925037024/0001437749-25-037024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.