SGM Digital Asset LLC · Delaware, USA
Real-world asset tokenization for commodities
Technology and structuring for mining output, minerals, metals and other physical commodities that are stored, shipped and documented — never for what is still in the ground.
SGM is a technology and structuring provider. It is not an issuer, broker, transfer agent, custodian, exchange or alternative trading system. We offer technology and structuring services to owners of physical commodities and to those who finance them: structures that can be verified, documented and, where the law allows, represented digitally.
RWA tokenization
What tokenizing a real-world asset means
Tokenizing a real-world asset (RWA) means creating a digital record that is linked, by contract and by law, to an asset that exists off-chain. The record does not change the legal nature of the asset.
We work on commodity-backed assets: material that exists, is stored or in transit, can be inspected and has an identified owner.
In January 2026 the staff of three SEC divisions stated that the format in which a security is issued, or the way holders are recorded, does not change how the federal securities laws apply, and distinguished tokenization by the issuer from tokenization by third parties. A staff statement is a view, not a Commission rule.
Source: SEC, Statement on Tokenized Securities, 28 January 2026
The problem
Commodity trade runs on documents nobody can quickly verify
2.5 trillionUSD · global trade finance gap, 2022
Source: Asian Development Bank, 2023 Trade Finance Gaps, Growth, and Jobs Survey
A shipment is described by weight and assay reports, warehouse receipts and bills of lading, produced by different parties and re-checked by each bank that sees them. Banks lend against documents they can trust; where documents cannot be verified quickly, financing can be slow or refused.
We work on the part of that problem technology can address: showing what a document is, when it existed and who submitted it; structuring the financing around it; and settling it. We do not claim to remove the need for inspectors, laboratories, banks or lawyers.
What we build
Verify. Structure. Settle.
01
A registry for the evidence
The Verification & Attestation Registry is designed to record a time-stamped fingerprint of each document, so that anyone can later check that it is unchanged.
A registry entry proves that a document existed in a given form at a given time and who submitted it. It does not prove that the content of the document is true.
02
Structures that follow the law
For stored product, cargo finance and contract-based participations we design structures with the issuer and its counsel, under the issuer-sponsored model. SGM does not place securities itself.
03
Settlement after verification
Where counterparties and applicable law allow, settlement may use regulated stablecoins, after counterparty verification.
The boundary
What can be structured, and what cannot
The line is drawn by what exists, who controls it and what the law lets change hands. We start at the top of this list and stop where the law stops us.
Stored product
Material in a warehouse or yard, identified by lot, inspected and insured. A lot-level record can support a collateral arrangement.
Offtake contracts
Participation in an offtake agreement can be structured as a contract right; the instrument that carries it depends on the facts and the law.
Royalty and stream cash flows
The cash flow, not the mine: held through a contract and a special purpose vehicle, never through the licence.
Equity in a licence holder
A company share is a security with its own regime and its own risks. Considered only with counsel, and never as a shortcut to the asset underneath.
Mining licences
In many mining jurisdictions the transfer of a licence requires the regulator's prior approval. We do not tokenize licences.
Resources in the ground
We do not tokenize exploration rights or in-ground resources.
We decline in-ground resource tokenization. Every time.
Where we work
Commodity classes
Commodity classes in scope: mining output and critical minerals; base, ferrous and precious metals; industrial and bulk minerals; energy commodities; agricultural commodities. Mining output, minerals and metals come first.
01
Mining output, minerals and metals
Concentrates, metals and intermediates that are stored, assayed and shippable, and the contracts around them.
02
Cargo finance
Short-dated financing of a single identified cargo, supported by verified documents.
03
Precious metals
Examined case by case: custody, grade and legal form are the open questions.
04
Energy and agricultural
Examined case by case: custody, grade and legal form are the open questions.
Who it is for
Built around the people who move the material
01
Producers and traders
Producers and traders typically need working capital before they are paid. We offer technology and structuring services to owners of physical commodities.
02
Financiers and banks
Banks lend against documents they can trust. We work on making the evidence behind a lot or a cargo easier to rely on.
03
Issuers and counsel
Structures are designed under the issuer-sponsored model and with the issuer's counsel. Counsel is involved from the structuring phase.
Our method
Four tests before any material is considered
A material is considered only when all four of the following hold.
01
It exists and is identifiable
Held in a known place, identified by lot, with a documented chain of custody.
02
It can be inspected independently
Weight, quality and condition can be checked by a party that does not profit from the sale.
03
Its origin is lawful
Licence, export and sanctions position can be demonstrated, not asserted.
04
Its counterparties can be verified
Owner, buyer and financier are identified and screened before any discussion of terms.
Plain terms
What we are, and what we are not
What we are
- A technology and structuring provider.
- A designer of verification and documentation systems for physical assets.
- A company that expects to work alongside issuers, inspectors, custodians, banks and counsel.
What we are not
- An issuer, broker, transfer agent, custodian, exchange or trading system.
- A source of investment advice. We do not publish yield, return or price-appreciation figures.
- A seller of tokens: no token, security or investment product is offered through this site, and none can be purchased through it.
- A way around securities, sanctions or mining law.