Overview
Elementum Metals Securities plc is an Irish-domiciled issuer of physically-backed Exchange Traded Commodities (ETCs). The ETCs are designed to track the spot price of metals, less applicable fees, that are critical in the transition away from the use of fossil fuels. The NTree team has extensive experience in the development of commodity-related investment solutions, took a lead role in structuring the programme, which was initially developed as part of initiative by Norilsk Nickel to tokenise metal and store metal-related carbon footprint data on the blockchain. This data was stored until Norilsk Nickel stepped away from the programme in 2022. The Elementum Metals Securities programme works with leading service providers serving the ETF / ETC industry. These include Ogier, the programme’s Legal Adviser, and Waystone Corporate Services (IE) Limited serves, which serves as the Trustee. Flow Traders and Virtu Financial act as Authorised Participants. NTree handles the distribution.
Commodity ETCs
The programme is unique in providing physically-backed open-ended exposure to copper and uranium. The two ETCs are available to institutional investors only:
- Elementum Physical Copper ETC
- Elementum Physical Uranium ETC