JACKSON, Miss. – Secretary of State Michael Watson and the Securities Division of the Mississippi Secretary of State’s Office announce Mississippi investors may begin filing claims for investments with GSB Gold Standard Corporation AG and GSB Gold Standard Pay, Ltd., collectively referred to as “GSB” or “GS Partners.”

The claims process is part of a framework for settlement between the Securities Division, GS Partners, and its Chairman of the Board Josip Heit.

Eligible customers may be able to recoup the value of their deposits with GS Partners, less the value of any withdrawals, through a claims process administered by third-party administrator, AlixPartners, LLP. Once funds are successfully returned to eligible customers, Mr. Heit and GS Partners will enter a consent order with the Securities Division concluding they offered and/or sold securities not registered under state law.

The relevant offerings of investments were tied to digital assets and the metaverse, including the “G999 token,” a digital asset deployed on a proprietary blockchain; “XLT vouchers,” a digital asset representing ownership interests in a skyscraper; and investments in a “staking pool” in a metaverse known as “Lydian World.” The Securities Division previously issued a Cease and Desist Order to Mr. Heit and his GSB entities in December 2023, which can be accessed here.

Beginning February 21, 2025, a secure portal will be available for making claim submissions. More information about the claims process is available at  https://gsbsettlement.com/. Please check the site for updates regarding the claims process.

The claims period will be open for 90 days, until May 22, 2025. All claims must be submitted by May 22, 2025.

To ensure a smooth claims process, the Securities Division recommends claimants gather documentation including:

• Proof of identity (including name and address)
  • Any Know Your Customer (KYC) materials submitted to GSB
  • A copy of a valid national ID (license, passport, etc.)
• Email address
• Phone number
• GSB Account ID or username
• Claim amount
  • Any and all GSB statements
  • Proof of deposits, withdrawals, and other GSB transactions
• All wallet addresses used to interact with GSB
• GSB wallet addresses with whom you interacted
• Information about whether you have already sought or received compensation from GSB

If you resided in Mississippi during the time of your GSB purchases or transactions, you may be eligible to claim a refund. If you did not reside in Mississippi, you may still be eligible. Please visit https://gsbsettlement.com/faq.html for a list of participating states.

For further information contact the Securities Division at (601) 359-1334 or Securities.CustomerService@sos.ms.gov. Investors living in states other than Mississippi, or in provinces, may contact their local regulator agency at https://www.nasaa.org/contact-your-regulator/.