Solana Protocol Elmnts Launches Tokenized Mineral Rights Platform

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4 hours ago

Tokenized investment platform Elmnts has launched on Solana, aiming to make it easier for traders to invest in a range of funds backed by mineral rights royalties.


Mineral rights royalties are a form of passive income generated by companies that extract resources such as oil or gas from fund-owned properties. Energy market analytics company RBN Energy estimates that mineral and royalty interests amount to $700 billion.


Qualified retail and institutional investors can browse tokenized mineral rights-based funds, invest in them and review their portfolio’s performance directly on the platform, Elmnts said Tuesday in a statement. The company said funds on Elmnts will offer double-digit yields, with minimum investments set at $1,000.


The platform has launched with one fund, with plans to add more soon.


“Our vision is to bring liquidity and accessibility to high-yielding assets that are otherwise hard to access,” Elmnts Chief Product Officer James Pacheco told Decrypt. “Mineral rights are a perfect example—they generate predictable, long-term income through oil and gas royalties, but very few people even know they exist, much less how to participate.”


The Solana project will be available “virtually everywhere,” access to certain funds could differ based on the client's country of residence, Pacheco said.


Tokenized investment funds’ popularity has skyrocketed in recent months, inspiring the creation of new funds based on all kinds of tokenized tangible assets.


BlackRock last spring launched its USD Institutional Digital Liquidity Fund based on tokenized US Treasury Bills — the largest tokenized investment fund as of publication time with more than $550 million assets under management, according to Etherscan data.


Meanwhile, Guggenheim Treasury Securities partnered with blockchain technology firm Zeconomy in September to launch a fund based on digital commercial paper, while Midas earlier this month launched two tokenized investment products based on mTBill and mBasis, respectively.


Edited by Stacy Elliott.


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