Murua Group's 496,000 kg tungsten inventory connects physical reserves with a Swiss SPV.
Each Ethereum ERC-20 token represents 1.25 kg of tungsten.
Reference price: $15,000 / kg · $18,750 / token.
Tungsten (W, Atomic Number 74) is one of the rarest and most valuable industrial metals on Earth — with the highest melting point of any pure metal at 3,422°C.
3,422°C — the highest melting point among all pure metals, making it irreplaceable in high-temp industries.
19.3 g/cm³ — nearly twice the density of lead and comparable to gold, conferring extraordinary mass value.
Critical for aerospace, defense, semiconductors, cutting tools and energy sectors — persistent global demand.
Like gold, tungsten's scarcity and utility create a hedge against inflation and currency devaluation.
The reserve framework connects Swiss physical custody, SKR (Safekeeping Receipt) documentation and the tungsten inventory.
The Swiss SPV holds asset rights and issues Ethereum ERC-20 tokens. Each token unit maps to 1.25 kg of tungsten.
One token represents 1.25 kg of physical tungsten. A total inventory of 496,000 kg corresponds to 396,800 tokens.
496,000 kg ÷ 1.25 kg per token = 396,800 tokens. Reference values use $15,000 per kg.
| Asset | Total Weight | Weight per Token | Token Supply | Price per KG | Price per Token | Total Reference Value |
|---|---|---|---|---|---|---|
| Tungsten | 496,000 kg | 1.25 kg | 396,800 | $15,000 | $18,750 | $7,440,000,000 |
A single token unit across the full 496,000 kg inventory, valued at a reference price of $15,000 per kg.
Murua Group → Swiss reserve and SKR framework → Swiss SPV → Ethereum ERC-20 tokens.
Murua Group holds the underlying 496,000 kg tungsten inventory and connects the asset to the issuance structure.
Swiss reserve records and SKR (Safekeeping Receipt) documentation link physical custody with the asset inventory.
Asset rights are transferred to the Swiss SPV, which holds those rights and acts as the token issuing entity.
The Swiss SPV issues 396,800 ERC-20 tokens on Ethereum. Each token represents 1.25 kg of physical tungsten.