Crypto Investors Can Now Buy Copper – Delivery Has a Catch
Photo: Coindoo
Key Takeaways Redemption minimum: 125 kg interview, 25-tonne draft Reserve: 24,968 kg in ten Hamburg bundles Holding fees: 0.85% target, up to 1.1% No formal peg to copper spot price The platform issued 25,000 xCu tokens, each tied to one kilogram of refined copper and together valued at about $366,000, CoinDesk reported on November 2 . Who holds the copper behind each token Metals.io describes xCu as beneficial ownership of copper held through a trustee. The trustee holds the metal on the holders’ behalf, and the token is the register entry recording each holder’s share.
Source: Coindoo
