Tokenized investment platform has been launched on Elmnts SolanaRoyalty funding in mineral rights aims to make it easier for traders to invest.
Mineral rights royalties are a type of revenue generated by companies that extract resources such as oil or gas from properties owned by the fund. Energy market analysis firm RBN Energy estimates that mining and royalty interests will reach $700 billion.
Eligible retail and institutional investors can explore funds based on tokenized mining rights, invest in them and evaluate the performance of their portfolio directly on the platform, Elmnts said in a statement on Tuesday. The company claims that cash on Elmts offers double-digit returns, with minimum investments set at $1,000.
The platform has launched with one fund, with plans to add more soon.
“Our vision is to bring liquidity and access to high-yielding assets,” James Pacheco, Chief Product Officer of Elements, told Decrypt. , much less how they participate.”
Solana's project is “ubiquitous,” Pacheco said, adding that access to specific funds may vary depending on the client's country of residence.
The popularity of tokenized investment funds has increased in recent months, prompting the creation of new funds based on all kinds of tokenized tangible assets.
Last spring, BlackRock launched a US dollar institutional digital liquid fund based on tokenized US Treasury Bills – at the time of publication, it was the largest investment fund with more than $550 million in assets under management, according to Etherscan data.
Meanwhile, Guggenheim Treasury Securities partnered with blockchain technology firm Economy in September to launch a fund based on digital commercial paper, while Midas launched two investment products based on mTBill and mBasis earlier this month.
Edited by Stacy Elliott.
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