Tokenization

Three-layer token architecture wrapping warehouse-backed NaCN reserves into tradable digital instruments.

NRT-F locked

4,500 t

Forward collateral

NRT-S minted

360 t

Warehouse-backed lots

wNRT circulating

360 t

Wrapped market layer

wNRT premium

+3.67%

vs Benchmark NaCN Index

Forward reservation layer

NRT-F / NRTf

Term reservation and prepayment for future NaCN delivery. Producers lock supply, buyers lock price.

Outstanding

4,500 t

Backing

100%

Physical-backed layer

NRT-S / NRTs

1:1 with confirmed warehouse NaCN lot, audited and insured. Redeemable for physical delivery.

Outstanding

360 t

Backing

100%

Wrapped market layer

wNRT

Wrapped NRT-S for broader digital liquidity across venues. Mint/burn parity with the underlying lot.

Outstanding

360 t

Backing

100%

Lock / Mint / Burn flow

Warehouse NaCN lotLock collateralMint NRT-S (1:1)Wrap to wNRTTrade on venue

Redemption requestBurn wNRTUnlock NRT-SRelease lot

Token lots

On-chain / off-chain backing register

NRTF-0001

NRT-F

100%

Warehouse

Forward pool

Qty

4,500 t

Status

locked

Minted

20675d ago

NRTS-0010

NRT-S

100%

Warehouse

Rotterdam W-12

Qty

240 t

Status

minted

Minted

20651d ago

NRTS-0011

NRT-S

100%

Warehouse

Houston W-21

Qty

120 t

Status

minted

Minted

20649d ago

WNRT-0021

wNRT

100%

Warehouse

Wrapper vault

Qty

360 t

Status

minted

Minted

20648d ago

WNRT-0022

wNRT

100%

Warehouse

Wrapper vault

Qty

80 t

Status

redeemed

Minted

20646d ago

Lot ID	Layer	Warehouse / custodian	Qty	Backing	Status	Minted
NRTF-0001	NRT-F	Forward pool	4,500 t	100%	locked	20675d ago
NRTS-0010	NRT-S	Rotterdam W-12	240 t	100%	minted	20651d ago
NRTS-0011	NRT-S	Houston W-21	120 t	100%	minted	20649d ago
WNRT-0021	wNRT	Wrapper vault	360 t	100%	minted	20648d ago
WNRT-0022	wNRT	Wrapper vault	80 t	100%	redeemed	20646d ago

Redemption queue

wNRT to NRT-S to physical

RDM-441
Goldfield Holdings
80 t
ETA 12h
RDM-440
Orion Digital Markets
40 t
ETA 2d
RDM-438
Vertex Mining Fund
120 t
ETA 5d

Total in queue 240 t - index value approx $ 2,635,729