AgaOne is Changing the Game in Gold: Yield Bearing Gold Comes to Türkiye

AgaOne Group and Monetary Metals have announced a strategic partnership designed to unlock new returns for gold investors in Türkiye. The agreement introduces yield bearing gold products to one of the world's largest gold markets, allowing investors to earn a yield on physical gold while giving jewellers access to interest free gold financing.

For many gold investors, keeping gold under the mattress is still considered one of the most attractive options. Investors who lose money when converting gold accounts opened in banks to cash or physical gold are looking for safe alternatives beyond under-the-mattress storage.

AgaOne, one of the world's leading gold trading, processing, importing and logistics companies, has signed an agreement with U.S. based Monetary Metals, the world leader in gold-denominated fixed income products, to bring greater returns to gold investors in Türkiye. Activities in Türkiye under the agreement will be managed by the group's Istanbul-based subsidiary, AgaOne. While the agreement is expected to channel under-the-mattress gold into the economy, new applications will introduce a gold leasing system, enabling the jewellery industry to source gold without taking on additional debt or gold price risk. With the Monetary Metals Yield Marketplace, the gold leasing system comes into play, allowing gold investors to earn returns while the jewellery industry can obtain gold without interest or price differentials.

A game-changing deal for investors and the jewellery industry

At a press meeting held in Istanbul regarding the agreement, signed in Dubai by Monetary Metals CEO Keith Weiner and AgaOne CEO Gökhan Yılmaz , AgaOne CMO Tanyel Yılmaz described the signed memorandum as a game-changing deal and explained that the applications to be launched will provide significant opportunities for both gold investors and the jewellery industry.

"The concept we call 'under-the-mattress savings' exists everywhere in the world, and Monetary Metals is the only company on earth that has found a solution to this. Those who want to invest in gold will no longer lose money in buying, selling, storing or converting gold to cash; they will even be able to generate interest free income by leasing their gold. The jewellery industry, which uses gold as a raw material, will source the gold it needs by paying rent in this way, thus relying much more on domestic resources instead of gold imports.", Tanyel Yılmaz, CMO, AgaOne

Monetary Metals Head of Strategic Relationships Mark Pey added: "Our investor clients obtain a yield on their gold while always retaining title to physical gold metal. And our gold finance clients like jewellers and refineries receive low-cost, flexible financing that improves their financial position by lessening their debt burden." Pey stated that gold can be divided into two categories: "In the first group, there is fixed gold whose value depends on whether gold appreciates or depreciates; and then there is gold that is put into the economy and generates fixed income."

AgaOne CFO Nidan Akmanoğlu stated: "As a local partner, AgaOne shall carry out necessary studies of regulatory and market conditions to implement and customise the solution provided by Monetary Metals. We shall carefully evaluate the possible licensing requirements, which shall be applicable for our distribution channels and for our company. We have confidence in our partner Monetary Metals as this business model they are bringing already works well in other countries."

AgaOne Head of Investment Products Denis Petrakov added: "AgaOne in Türkiye is entering a partnership with Monetary Metals to bring this unique opportunity to Turkish gold owners, turning them into gold investors, earning additional profit for leasing their gold. Yield-carrying gold products are a unique and long-anticipated innovation in the precious metals industry. AgaOne will therefore become a general partner for the localisation of the Monetary Metals solution for the Turkish market."

Messages from the signing ceremony

During the signing ceremony held in Dubai just before the press meeting in Istanbul, Monetary Metals CEO Keith Weiner said: "We are delighted to undertake this initiative with AgaOne, whom we have known and worked with for years. Türkiye is one of the world's most important gold markets, and we are pleased to combine AgaOne's comprehensive local capabilities with Monetary Metals' expertise and international platform liquidity."

Türkiye ranks as the world's third-largest gold consumer after India and China. Gold accounts for an average of 15–20% of household savings, and Turkish households are estimated to hold 5,000 tonnes of gold. This gold will now be able to generate monthly returns.

"Our expertise in gold trading, logistics and distribution is growing rapidly, and this offering will further accelerate that growth. Yield-bearing gold should quickly become the preferred way to own gold in Türkiye and other countries.", Gökhan Yılmaz, CEO, AgaOne

The companies are working on integration and expect to offer gold yields to the Turkish market by the second quarter of 2026. AgaOne will leverage the retail and institutional capabilities of the AgaMX trading platform and its extensive experience in the Turkish gold sector to provide local gold logistics for the partnership. Monetary Metals will create new fixed-income opportunities from Turkish gold sector counterparts and provide the Turkish investment community with access to all international gold leasing and gold bond products listed on the Monetary Metals platform.

About AgaOne

AgaOne and its group companies are an international organisation operating in the precious metals sector with the motto "from mine to jewellery." Through its strategic offices in Singapore, Istanbul, Dubai, New York and Brussels, it offers a wide range of services including the supply, refining, processing, trading and distribution of gold and other precious metals. Acting with global principles of reliability, transparency and sustainability, AgaOne provides an integrated structure in the precious metals ecosystem through its subsidiaries specialised in different areas of the sector.

Continuously growing since 2017, AgaOne conducts mining activities through its subsidiary Earth And Space. Aleks Metal Refinery (AMR) plays a strategic role in processing, recycling and delivering gold to the market both as gram gold and bullion. As a member of the RJC (Responsible Jewellery Council), AMR has become the only refinery in Türkiye to receive the CoC certificate, which proves that the processed gold meets the highest sustainability standards. The CoC certificate documents the entire production chain of the gold used, from its origin to the final product, ensuring full traceability and the highest level of trust.

AgaDigital manages e-commerce platforms selling products manufactured by AMR, which is listed among Türkiye's ISO 500 companies, as well as products manufactured in Türkiye and around the world. AgaMX enables financial institutions, digital banks, e-commerce platforms and payment service providers to trade precious metals within their existing systems.

AgaBullion, the flagship company of AgaOne Holding Pte, is a Türkiye-based precious metals trading company. Part of AgaDigital (e-commerce), AMR Aleks Metal Refinery (refining) and AgaOne Commodities (DMCC-based trading), AgaBullion engages in bullion gold trading and supply on the BIST and DGCX platforms, and provides reserve management services to central banks and government institutions worldwide. AgaOne collaborates with central banks and mints in Türkiye and various other countries, and continues to expand these partnerships day by day.

About Monetary Metals®

Monetary Metals® is Unlocking the Productivity of Gold™ by offering a Yield on Gold, Paid in Gold® to investors, and Gold Financing, Simplified™ to gold-using businesses (mints, miners, refiners, jewellers, etc.). Since 2016, individuals and institutions around the world have been earning interest in gold and silver every month through the Gold Yield Marketplace®. For more information, visit www.monetary-metals.com.

Media Contacts

• AgaOne, Efe Saruhanoğlu: e.saruhanoglu@agabullion.com · +90 535 743 05 52
• Monetary Metals, Dickson Buchanan Jr., VP Marketing: dickson@monetary-metals.com · +1-646-653-9729
• Press enquiries: press@monetarymetals.com