ALCUM
Swiss platform · real commodity trade cycles

Infrastructure for Industrial Finance

Access commodities and structured products linked to real commodity trade cycles, with documented reporting, verification, and settlement.

Independent inspection · NAV verification · collateral oversight

Independent infrastructure

Built on Independent Infrastructure

Independent verification, execution, and oversight across the operational lifecycle.

Products

Three Products Built on One Operational Framework

ALCUM provides three distinct ways to access the same copper operating infrastructure — direct copper ownership, discretionary asset management, and tokenized structured products.

Broad access

Cuprum Assets

Direct ownership of allocated physical refined copper with the ability to hold, sell or take delivery.

Ownership
Physical Copper
Exposure
Copper Price
Minimum allocation
10,000 USD
Access
Individuals & Corporations subject to KYC
Onboarding
KYC-approved participants can join
Qualified

Cuprum Asset Management

Discretionary investment mandate where Alcum manages capital through successive copper trade cycles.

Exposure
Trade-cycle Performance
Reporting
Daily
Minimum allocation
10,000 USD
Management fee
Quantity Dependent
Access
Qualified Investors subject to KYC
Professional Investors Only

Cuprum StructuredProducts

Tokenized structured product linked to verified copper trade-cycle performance and investor distributions.

Exposure
Trade-cycle Margin
Category
SSPA Category 1300 tracker certificate
Reporting
Daily
Access
Professional Investors under FinSA Art. 4
The Edge

We find the opportunity first

Returns are generated by real procurement, processing, and trading cycles. Our edge is detection — we find the structural mispricing and build the machinery to capture it before the margin is competed away.

01

We read the whole market

Across commodities, we look for the structural gap where supply is constrained and value stays unresolved.

02

Copper is where the gap is widest

Secondary copper enters underpriced; its value stays unresolved until it’s processed, sold, and settled.

03

We onboard only proven operators

A four-phase underwriting process admits only companies with an audited track record. Most don’t pass.

04

The margin is realised, then verified

Return exists only after proceeds are received and reconciled.

As a result the cycle margin adds a second return driver alongside copper’s directional price movement.

Returns are not fixed or guaranteed. Performance depends on the realised outcome of each completed cycle and may vary over time.

Verification

Trust Layer

Independent verification across the operational lifecycle.

The framework includes third-party inspection, independent document verification feeding NAV, and collateral oversight.

SGS

Inspection of warehouse stock against receipts, invoices, and bank statements.

Accountable

Independent third party that verifies the validity of the documents that convert into the NAV update.

Gunnercooke

Collateral oversight; enforcement rights held outside ALCUM for the benefit of investors.

Risk & security

Single point of entry, one entity, one pipeline

Investor capital is protected by three layers that work together — legal ownership, operational tracking, and audited infrastructure. Each is independent, each is verifiable, and the risks beyond them are disclosed in full.

What protects you

The legal layer

ALCUM is the single accountable counterparty. It holds title to the goods, controls escrow as required co-signatory, and remains bankruptcy-remote from the operators — so if an operator fails, the goods stay with ALCUM.

The tracking layer

A purpose-built system records every transaction and stage of each cycle: product terms, collateral, fund and goods movement, and key dates — visible to investors in the cycle.

The technical layer

Onboarding, subscription, settlement, and transfer run on controlled digital infrastructure with a Halborn-audited smart-contract layer, restricted to whitelisted, KYC-approved investors.

FAQs

Questions, answered

What you own depends on the product you choose.

Cuprum Assets, you own a specific lot of physical copper, evidenced by asset documentation such as a warehouse receipt. This product is designed for investors who want direct exposure to copper as a real asset.

Cuprum Asset Management, you allocate copper or capital under a management mandate, allowing Alcum to deploy it across operating cycles with the objective of generating additional return, net of applicable fees.

Cuprum Structured Products, you own a structured financial instrument issued by Alcum AG. Your position is a contractual claim linked to the performance of verified copper trade cycles, while Alcum retains legal title to the underlying copper and related proceeds during the relevant cycle.

Returns come from exposure to physical copper and, where applicable, the operational margin generated by real commodity cycles. Copper is acquired, held, processed, leased, traded, or sold through established industrial supply chains, with value created through market pricing, procurement efficiency, processing, resale, and settlement. This opportunity exists because physical copper trade is capital-intensive and traditionally accessible only to industrial operators, commodity traders, and private B2B counterparties. Alcum converts that real-world activity into structured, transparent products, allowing eligible participants to access copper-linked economics that were previously difficult to reach directly. The exact return source depends on the selected product and is described in the relevant product documentation.
Each Alcum product carries a different risk profile. Depending on the product, investors may be exposed to copper price movements, trading performance, counterparty performance, operational execution, liquidity limitations, settlement timing, and product-specific legal risks. Alcum products are linked to real-world commodity assets and operating cycles. This means outcomes depend on actual market prices, successful procurement, processing, sale, and receipt of proceeds. Returns are not guaranteed, settlement may take time, and early exit may be limited depending on the product structure. The complete risk factors, fees, protections, redemption mechanics, and settlement terms are set out in the relevant product documentation.
Alcum minimises risk through a layered control framework applied across its products. This framework covers asset ownership and control, document-conditioned fund movement, approved operators and counterparties, required insurance, collateral arrangements where applicable, and hedging where a product is designed to reduce copper price exposure. These controls are intended to ensure that assets, funds, operational cycles, and settlement flows remain traceable, controlled, and independently verifiable where required. They reduce risk but do not eliminate it. The specific risks, protections, redemption terms, and settlement mechanics are set out in the relevant product documentation.
Verification works through a combination of operational records, asset documentation, system-level tracking, and independent review. Alcum records transactions, supporting documents, asset movements, and settlement flows so that each position can be traced from acquisition through processing, sale, and reconciliation. Where applicable, Alcum relies on external verification providers, independent inspections, smart-contract audits, on-chain reconciliation, and regulatory or AML supervision to support the accuracy of asset records and reported figures. This creates a verifiable audit trail across the relevant assets, transactions, and product records, but the exact verification process depends on the specific product and is described in the relevant product documentation.
Alcum was created by a team with tier-1 experience in metals, commodity trading, finance, legal structuring, technology, and compliance. The platform is built from practical industry knowledge of what matters in physical commodity finance: verified goods, controlled funds, reliable counterparties, enforceable documentation, and trackable performance. The trade came first. Alcum is the digital infrastructure layer that makes those real-world commodity cycles transparent, auditable, and accessible to eligible investors.

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Access tiers describe eligibility, not safety. Availability differs by jurisdiction.

Operated and verified with established partners

  • SGS
  • Accountable
  • Gunnercooke
  • StoneX
  • Pillar
  • Halborn
  • SRO VQF
  • SGS
  • Accountable
  • Gunnercooke
  • StoneX
  • Pillar
  • Halborn
  • SRO VQF