Copper-backed real world assets

What is TCu29?

TCu29 is a multi-chain Real World Asset (RWA) token that digitises physical copper reserves. Each token represents a 1:1 direct claim on one pound of industrial-grade copper, geologically verified and supported by independent third-party audits whose results are recorded on-chain.

The token supports continuous digital trading and a dual redemption mechanism, allowing holders to take physical delivery or realise value through secondary liquidity.

The Group's holding and strategy

UKAP Investments Limited holds TCu29 tokens following a staged divestment programme. The Group does not publish the size of its holding; the net asset value above is the Group's published measure of the vehicle's worth. The Group also accepts TCu29 as a valid payment method for its corporate bonds.

The divestment is structured to deliver liquidity in phases rather than in a single disposal, protecting realised value. Proceeds are redeployed through UKAP Investments Limited under the Group's investment mandate.

Market context

Copper demand is being reshaped by grid electrification, electric vehicles and the infrastructure requirements of artificial intelligence. Major institutions have flagged a structural supply deficit over the coming decade. Our published market report sets out the Group's view of the copper market to 2031.

Nothing on this page constitutes investment advice or an offer of securities. Commodity-backed tokens carry risks relating to the underlying physical market and digital asset volatility.