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
Built on Independent Infrastructure
Independent verification, execution, and oversight across the operational lifecycle.
Three Ways to Access Copper
Own physical copper, lend copper to ALCUM, or access copper trade-cycle performance through a tokenized tracker certificate.
Cuprum Assets
Purchase allocated physical refined copper and choose to hold it in storage, instruct its sale or arrange delivery.
- Product
- Allocated physical copper
- Your position
- Owner of the allocated copper
- Exposure
- Copper market price
- Available options
- Hold, sell or take delivery
Cuprum Copper Loan
Lend eligible copper to ALCUM for an agreed term. On activation, ownership passes to ALCUM and your principal is repayable in copper, with potential variable remuneration.
- Product
- Bilateral copper loan
- Your position
- Unsecured creditor of ALCUM
- Repayment
- In copper
- Remuneration
- Variable and not guaranteed
Cuprum TrackerCertificates
Access the performance of defined copper trade cycles through a tokenized tracker certificate tracking the underlying copper price, without acquiring ownership of the underlying copper.
- Product
- Tokenized tracker certificate
- Issuer
- ALCUM AG
- Exposure
- Defined copper trade-cycle performance
- Access
- Professional and institutional clients under FinSA
Availability is subject to KYC/KYB, product eligibility and jurisdictional restrictions. Each product is governed by separate terms and involves different rights and risks.
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.
We read the whole market
Across commodities, we look for the structural gap where supply is constrained and value stays unresolved.
Copper is where the gap is widest
Secondary copper enters underpriced; its value stays unresolved until it’s processed, sold, and settled.
We onboard only proven operators
A four-phase underwriting process admits only companies with an audited track record. Most don’t pass.
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.
Trust Layer
Independent verification across the operational lifecycle.
The framework includes third-party inspection, independent document verification feeding NAV, and collateral oversight.

Inspection of warehouse stock against receipts, invoices, and bank statements.
Independent third party that verifies the validity of the documents that convert into the NAV update.

Collateral oversight; enforcement rights held outside ALCUM for the benefit of investors.
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.
Questions, answered
What you own depends on the product you choose.
Cuprum Assets. Purchase allocated physical refined copper and choose to hold it in storage, instruct its sale or arrange delivery.
Cuprum Copper Loan. Lend eligible copper to ALCUM for an agreed term. On activation, ownership passes to ALCUM and your principal is repayable in copper, with potential variable remuneration.
Cuprum Tracker Certificates. Access the performance of defined copper trade cycles through a tokenized tracker certificate tracking the underlying copper price, without acquiring ownership of the underlying copper.
Request Access
Learn more about available products and eligibility requirements.
Submit your details to receive product information, documentation, and updates regarding availability in your jurisdiction.
Access tiers describe eligibility, not safety. Availability differs by jurisdiction.



