These align tightly with “in situ refining/extraction” language and the idea of new pricing visibility outside legacy channels.
Active / Scaling Tokenized Mining & Metals Projects (2025–2026)
These represent mining companies or assets moving into crypto/RWA tokens, often for capital formation against reserves, production, or refined metals:
Alkemya / ALKN (via Bitfinex Securities)**: Record $50M tokenized raise (Aug 2026) for limited partnership interests backed by 7 million meters of 99.99% pure nickel wire (independently valued ~$1.64B). Funds commercialization of engineered nickel products (semiconductors, aerospace, etc.). First major tokenized nickel product under El Salvador’s framework; primary subscription ongoing into mid-Oct 2026, with secondary trading planned later. Directly fits industrial ore/metals tokenization and new distribution rails.
Datavault AI + American Strategic Minerals (ASMI)**: $78.2M digital tokenization of Arizona antimony (and planned expansion to gold, silver, other rare earths/critical minerals). Initial slice covers 5% of a >$2.15B reference resource; Datavault can earn up to 20% equity via milestones. Explicit “U.S. mined and refined metals” + rare earths push; futures-like exposure to future extraction.
Metals.io (Tezos / Trilitech)**: Tokenized gold, uranium (xU3O8), nickel, cobalt, and rare-earth baskets (e.g., RARE token). Some structures allow redemption for physical metal; early trading volumes still modest but expanding with AI/industrial demand.
Minestarters**: Decentralized marketplace for tokenized mining assets across the value chain (physical minerals, exploration, development, operating mines, royalties). $MINE utility token + ART stablecoin; 2026 roadmap targets mainnet/MVP, miner onboarding, compliance (Bermuda), and scaling. Explicitly aims to give mining companies efficient capital access while providing on-chain transparency.
Bocana Resources + Arizore JV**: Joint venture for exploration/development/operation of mining properties (gold, silver, magnetite, etc.) that explicitly includes tokenization of related assets/cash flows, digital infrastructure, gold-backed tokens, and structured products (subject to regulation).
Broader enabling layers include platforms like Stobox (tokenizing reserves, royalties, streaming, offtake), Minespider (digital product passports / traceability for concentrates), MinoChain (government-grade mineral traceability), and others focused on provenance from mine to market.