State of Wyoming Selects The Wyoming Reserve to Vault Precious Metals
The Wyoming Reserve Opportunity Zone Fund Corporation announced that the state of Wyoming has officially selected the company to vault its physical precious metals holdings.
“We are proud and honored that the state of Wyoming has chosen to vault its precious metals with The Wyoming Reserve,” said Josh Phair, chief executive officer of The Wyoming Reserve. “This milestone affirms our role as a trusted custodian in the precious metals ecosystem and supports our long-term vision to provide secure storage for institutions and high-net-worth clients.”
The decision followed months of due diligence and discussions with the Wyoming State Treasurer’s Office. The selection, according to the company – a high-security, precious metals-focused vaulting and operating business in Casper – reflects its adherence to high standards of security, governance and operational integrity.
Relatively few U.S. states maintain physical precious metals holdings as part of their reserves, and among those that do, custody is often provided by federal institutions or out-of-state commercial vaulting providers. Wyoming’s decision to utilize an in-state, purpose-built precious metals vault aligns with state policy priorities and institutional custody practices, while keeping state-owned physical assets within its borders.
Dave McMaster, president of The Wyoming Reserve, added, “This selection represents a meaningful expansion of our role as a vaulting provider serving institutional and private clients, and underscores Wyoming’s continued leadership in policies supporting physical precious metals ownership and storage.”
The Wyoming Reserve is located in an approximately 70,000-square-foot facility in a designated opportunity zone in Casper. The state imposes no tax on silver or gold and has no corporate income, personal income, inventory, franchise or occupation tax.
The core business of The Wyoming Reserve includes generating income from the purchase and sale of precious metals, as well as fee income from vaulting, transportation, fulfillment, and metal availability services for commercial and industrial customers in a high-security, precious metals-focused vault facility. The company aims to deliver investor returns that exceed the historical performance of physical gold and silver, which have achieved a 14.2% combined compound annual growth rate over the past five years, according to data from the London Bullion Market Association.
Previously reported by AltsWire in December 2025, U.S. Customs and Border Protection approved activation of the Casper vault as a foreign trade zone, or FTZ, a milestone that enhances the company’s operational flexibility. With the designation, customers can store imported metals tariff-deferred until entry into the U.S. stream of commerce or tariff-exempt if exported to another country, potentially reducing costs and improving cash-flow management.
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