Class-1 nickel, per kilogram, settled on-chain.
Price impact of a real buy right now, quoted by the routers that would fill it. Longer bar = deeper market.
xNi 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.
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.
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers. 26+
There is no fund wrapper: the token itself is the ownership record over specific custodied metal, transferable wallet-to-wallet around the clock.
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.
Archax, as custodian for token holders, in industry-certified bonded warehouses in the Netherlands.
