Metals.io launches copper‑backed tokens stored in Germany
ITF Team1 min read
Metals.io introduces tokens linked to 25 tonnes of physical copper, valued at $366,000, to create an on‑chain market for metal investors.
Fintech firm Metals.io announced the issuance of digital tokens that are directly backed by physical copper. The initial tranche consists of 25 tonnes of copper stored in a secure facility in Germany, representing a market value of about $366,000.
How the tokens work
- Each token represents a specific share of the copper holdings
- Investors can buy, sell or hold the tokens on compatible blockchain platforms
- Physical copper remains in a German vault, with regular audits to verify quantity and purity
What traders are watching
- Potential demand for metal‑backed digital assets
- Regulatory stance on tokenised commodities in Europe
- Future expansions to other metals such as silver or gold
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This article is compiled from international market news for information only. It is not investment advice.