EtherlinkxCo is the first tokenized physical cobalt: each token is a right of ownership over one kilogram of cobalt held by Archax as trustee, stored in industry-certified bonded warehouses in the Netherlands. Issued by Metals.io, the same Trilitech-built platform behind uranium.io, it settles on Etherlink, Tezos' EVM Layer 2, and routes live through the aggregator. Cobalt has historically been reachable only through LME lots and specialist funds.
A kilogram of the metal inside every EV battery, in your wallet.
Prism analyst note
xCo is a kilogram of physical cobalt as an ERC-20, the first of its kind, from the team behind tokenized uranium. It priced live through the aggregator at listing (~$51/kg), but the float is about one tonne and thirty holders, so treat it as a frontier market: quotes are live, size is limited, and the trust structure is the issuer's, not Prism's.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- One kilogram of physical cobalt per token, held in certified bonded storage.
- Legal structure
- Token = beneficial ownership of cobalt held in trust (Archax)
- Jurisdiction
- United Kingdom / Netherlands (storage)
- Custodian
- Archax (trustee); bonded warehouses, Netherlands
- Administrator
- Metals.io
- Reserve information
- Roughly one tonne of cobalt tokenized at launch (June 2026), part of a seven-tonne cobalt and nickel program. Prism read the contract and supply on-chain; the trust and warehouse arrangements are the issuer's published structure, not independently audited by Prism.
- Transfer restrictions
- Freely transferable ERC-20 on Etherlink. Minting and redemption run through Metals.io and are KYC-gated; secondary trading is open.
- Investor eligibility
- Open / permissionless
- KYC required
- No, permissionless transfers
Reserve verification
Contracts & on-chain data
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers. 30+
Documents & disclosures
Frequently asked
What exactly do I own?+
A right of ownership over one kilogram of cobalt held by Archax as trustee in Dutch bonded warehouses, recorded on an Etherlink smart-contract ledger.
Why cobalt?+
It is the constraint metal in EV and grid batteries, historically tradeable only in LME lots. xCo makes the exposure fractional and transferable.
Can I take delivery?+
Redemption runs through Metals.io with KYC and minimum quantities, realistic for industrial size, not for a single kilogram.
