EtherlinkxNi tokenizes physical nickel: each token is a right of ownership over one kilogram held by Archax as custodian in certified bonded warehouses in the Netherlands. Launched alongside xCo in the first tokenization of LME-class battery metals, it settles on Etherlink and routes live through the aggregator. Nearly six tonnes were tokenized at launch.
Class-1 nickel, per kilogram, settled on-chain.
Prism analyst note
xNi puts a kilogram of class-1 nickel, the stainless-steel and battery workhorse, into an ERC-20 on Etherlink. Nearly six tonnes exist on-chain with a few dozen holders, so it quotes live but thin. The claim runs through an Archax custody structure to real metal in Dutch bonded warehouses.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
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Prism read this token's contract directly on its chain and confirmed the figures the issuer publishes.
- What was checked
- Prism read this token's contract on Etherlink (Tezos L2) and confirmed the symbol, decimals, and supply the issuer publishes.
- Last verified
- Sep 1, 2026
- Token contract
- 0x8190…0638
- Custody
- Archax (custodian); bonded warehouses, Netherlands
Documents & disclosures
Frequently asked
How is this different from an ETF?+
There is no fund wrapper: the token itself is the ownership record over specific custodied metal, transferable wallet-to-wallet around the clock.
How much exists?+
About 5,889 kg at verification, a real but small float. Quotes are live, so oversized orders show no route rather than a bad fill.
Who holds the metal?+
Archax, as custodian for token holders, in industry-certified bonded warehouses in the Netherlands.