Metals.io launches tokens backed by 25 tonnes of copper
In short
Metals.io has issued tokens backed by 25 tonnes of copper kept in Germany. The company says the starting copper stock is worth $366,000.
This matters because it is a new way to let investors hold and trade metal on a blockchain. The reporting does not explain the token terms or where buyers can trade them.
What the reporting says
Metals.io issued tokens backed by 25 tonnes of physical copper stored in Germany, according to the publisher-supplied summary. The starting pool is said to be worth $366,000, and the company hopes to build a market for investors to own and trade physical metal onchain. The reporting does not say how the tokens are structured, where they will trade, or how custody and redemption will work.
Why it matters
Metals.io issued tokens backed by 25 tonnes of physical copper stored in Germany, with the starting stock valued at $366,000, according to the publisher-supplied summary. The company says it wants to build a market for owning and trading physical metal onchain. The reporting does not explain the token design, trading venue, or redemption mechanics, so the practical investment structure remains unclear.