AI Supercycle Vault
Track record
Since Jan 1, 2023, xBGT has rebalanced 47 times: 45 at month end and 2 because an asset drifted past its limit.
Its worst fall was −17.9%, from Feb 20, 2025 to Apr 8, 2025. It was back at its previous high on May 13, 2025, 5 weeks after the low. Held on their own over the same period, Bitcoin fell as far as −53.1%, gold −28.0% and Nasdaq 100 −22.9%.
About xBGT
xBGT puts 60% of the vault in the Nasdaq 100, the index that holds most of the large US software, chip and AI companies. The other 40% is split evenly between Bitcoin and tokenized gold.
The tech weight is high on purpose. Bitcoin adds a second growth asset that trades every day of the week, and gold is there for the stretches when stocks and crypto fall together.
xBGT will rise and fall with the Nasdaq. It suits investors who want that exposure in a token they can hold in a crypto wallet.
xBGT is issued by AGVector(BVI) under Regulation S of the U.S. Securities Act of 1933. It is open to qualified investors outside the United States only.
What it holds
| Asset | Held as | Type | Target | Price source |
|---|---|---|---|---|
| Bitcoin BTC | BTC (ERC-20) | Crypto | 20% | CoinMarketCap · BTC |
| Gold XAU | PAXG (ERC-20) | Tokenized gold | 20% | 0.5×PAXG + 0.5×XAUT |
| Nasdaq 100 NDX | CME NQ futures | Equity index | 60% | Yahoo · ^NDX |
PAXG $4142.24 · mcap $1.80B · 2026-10-05
XAUT $4135.94 · mcap $2.93B · 2026-10-05
Protections for holders
Each xBGT token is backed one-for-one by the assets in the vault. There is no lending of vault assets and no leverage beyond what the vault rules allow.
AGVector(BVI) is a special purpose vehicle kept apart from the operating company. If a related company becomes insolvent, vault assets are not part of its estate.
Assets are held by regulated custodians (BitGo, Paxos, Interactive Brokers). AGVector does not hold them itself.
Holdings and NAV can be checked onchain at any time against Chainlink price feeds.
Holdings and custodians
| Asset | Held as | Custodian | Type | Target |
|---|---|---|---|---|
| Bitcoin BTC | BTC (ERC-20) | BitGo | Crypto | 20% |
| Gold XAU | PAXG (ERC-20) | Paxos Trust | Tokenized gold | 20% |
| Nasdaq 100 NDX | CME NQ futures | Interactive Brokers | Equity index | 60% |
Rebalancing rules
On the last business day of each month, weights go back to 60% Nasdaq 100, 20% Bitcoin and 20% gold. Trades run onchain through the ZapRouter contract and are routed via 1inch.
If any asset moves more than 5 percentage points away from its target, the vault rebalances that day instead of waiting for month end. Weights are checked against Chainlink and equity price feeds.
PAXG is the main gold token. If its onchain market cap drops below USD 1 billion, XAUT takes over.
Nasdaq 100 exposure is held through CME NQ futures with regulated brokers. Contract rolls and similar events are handled by the Vault Committee within 2 business days.
No leverage beyond the margin needed to hold CME NQ futures. Changing this rule needs a full governance vote.
How NAV is calculated
NAV is priced in USDC from daily closing prices of Bitcoin, gold and the Nasdaq 100. The gold price is the average of PAXG and XAUT, weighted 50/50. The 0.50% annual management fee is taken a little each day.
The figures on this site are a backtest. The vault starts at $1.00 on Jan 1, 2023 and follows the rules above using daily closing prices, after the management fee. Live onchain NAV will replace them once the vault is deployed.
Offering documents
↗ Regulation S Offering Memorandum
↗ BVI SIBA Private Placement Notice
↗ Terms of Service
↗ Smart Contract (Etherscan)
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xBGT tokens have not been and will not be registered under the U.S. Securities Act of 1933. These tokens are issued under Regulation S and are available exclusively to non-U.S. persons who have completed the required KYC/AML verification process (Tier 1) or who access tokens through secondary market venues (Tier 2). U.S. persons are strictly prohibited from accessing, purchasing, or holding these tokens.