Français
Português
Indonesia
Tagalog
Malaysia
हिन्दी
বাংলা
中文 (中国)
Tiếng Việt
Elmnts, a tokenized investment platform focused on creating an on-chain commodities ecosystem on the Solana blockchain, has officially announced the launch of its public beta.
The platform allows accredited investors to access blockchain-based investment funds backed by mineral rights royalties. These funds provide exposure to companies involved in the extraction of oil, gas, and other natural resources. By holding these funds, investors can generate passive income tied to real-world commodities, according to a blog post from Elmnts.
Elmnts joins Solana’s growing ecosystem
Elmnts is utilizing blockchain technology to bring tokenized investment opportunities to users in the traditional financial market. The platform’s public beta, available from October 22, provides qualified investors with access to blockchain-based funds backed by mineral rights royalties. These funds offer exposure to companies involved in oil, gas, and natural resource extraction, allowing investors to earn passive income tied to real-world assets.
Elmnts aims to expand its offerings beyond accredited investors, with plans to launch retail products in the future. This launch positions Elmnts alongside other real-world asset (RWA) projects on the Solana blockchain, such as Credix (a private credit platform in Brazil) and Ondo Finance (a blockchain platform for tokenization).
Ondo Finance’s U.S. Dollar Yield (USDY) product has grown significantly, becoming the second-largest U.S. Treasuries asset by market cap, with $443 million, following BlackRock’s BUIDL at $550 million. Additionally, BAXUS, a marketplace for collectible spirits, is also available on Solana.
In terms of RWA on-chain, the top blockchains are Ethereum, Stellar, and Solana. According to Rwa.xyz, Solana has seen the most growth in the past 30 days. A recent report by Andreessen Horowitz (a16z) highlighted Solana’s prominence, noting that out of 220 million active addresses interacting with blockchain networks in September, 100 million were on Solana.
