Metals Tokenization

Backing & Attestations

• Backed by LME warrants, each one representing 25 metric tonnes of the selected metal.

• On-chain supply ≤ attested inventory (proof of reserves coming soon).

• Token is always 1:1 backed by physical reserves.

Mint, Burn and Redemptions

• Only the Tellura Multisig can mint new tokens capped by the total amount of available physically backed copper warrants (LME warrants)

• Burn is available for all users.

• At launch, only the Protocol can Mint and Redeem for USDT in order to keep the price stable.

• Physical Redemptions are planned for 2026, with a minimum of USD 250,000 in order value and will need KYC. (additional fees may apply)

Addresses

COPPER (COPR)

• Plasma:

  0x765518eDA29916c3206Fa9142d9B9EA2fd90F4DB

• Base (bridged when live): TBD