#Bridgetower

Bridgetower tokenizes $11B copper-gold project on Avalanche, eyes $25B pipeline

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.

cryptobriefing.com·1d ago