Bridgetower tokenizes $11B copper-gold project on Avalanche, eyes $25B pipeline
Commodities
Bridgetower has tokenized the $11 billion DOM X Arizona Copper-Gold Project, issuing the AZX1 security token on the Avalanche C-Chain. This initiative marks a significant expansion in the RWA sector, moving beyond traditional treasury-backed products into large-scale commodity assets. The project utilizes Chainlink’s infrastructure to provide essential Proof of Reserve verification and daily net asset value data feeds. With a broader $25 billion pipeline targeting natural resources, energy, and metals, Bridgetower aims to establish a repeatable model for institutional commodity tokenization. While the current distributed value of AZX1 is in the hundreds of millions, the phased rollout suggests a strategic approach to market liquidity. This development is notable because it tests the viability of tokenized mining assets, which offer a distinct risk-return profile compared to existing money market funds. The success of this integration will likely be measured by how closely the token's market value tracks against the verified NAV data over time.
Key points
- ▸Bridgetower tokenized an $11 billion copper-gold mine as AZX1 on Avalanche C-Chain.
- ▸Chainlink provides Proof of Reserve and daily NAV data for the AZX1 token.
- ▸Bridgetower maintains a $25 billion pipeline for future natural resource and energy tokenization.
- ▸AZX1 represents a shift from treasury-focused RWA products toward commodity-backed digital assets.
Background
Bridgetower is an institutional-grade platform focused on bridging traditional assets with blockchain technology. They specialize in creating compliant, tokenized investment vehicles for large-scale infrastructure and natural resource projects. By leveraging EVM-compatible networks like Avalanche, they provide institutional investors with on-chain exposure to cash-generating physical assets.
Relevance
8.5/10
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