Metals.io Issues Digital Tokens Backed by Stored Copper

Metals.io Issues Digital Tokens Backed by Stored Copper

Metals.io has issued digital tokens, which are digital records representing ownership of an asset. The tokens are backed by physical copper held in storage.

The launch marks the company’s entry into tokenized copper, a market it hopes to grow based on investor demand.

Key Details From the Report

• The company launched 25,000 tokens, each backed by one kilogram of copper.


• The total backing is 25 tonnes of refined copper held in Hamburg, Germany.


• The initial batch is worth about $366,000.


• Tokens can be traded at any time with no minimum investment.


• Physical redemption requires at least 125 kilograms, a suitable storage account, and identity checks.


• Archax, a regulated digital asset platform, acts as trustee, meaning a trusted third party verifies that copper holdings match the token supply.

Confirmed Facts

Metals.io already offers five other tokenized metal products, including uranium and gold. Uranium has a market capitalization of about $9.2 million, and gold about $4.1 million. Archax is based in the U.K. and operates in the U.S., EU, and UAE.

Unanswered Questions

The company hopes to grow the copper offering to millions of dollars within a year, but that depends on investor demand. No specific date or amount for future tokens was announced.

Why This Matters for Tokenized Metals

Gold-backed tokens such as Tether’s XAUT and Paxos’ PAXG already exist, but copper remains a smaller market for blockchain-based investment products. The report ties copper demand to power grids, electric vehicles, and AI data centers. S&P Global projects that global demand could rise 50 percent by 2040.

What Comes Next

Ben Elvidge, who leads Metals.io, said future issuance will depend on how much demand investors show.

Sources

• CoinDesk

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