Emerald Security Token

Emerald Security Token (EMRL.D) is a real-world asset token on the Polygon blockchain that represents a claim tied to physical emerald assets sourced from Colombia. The project claims to address the difficulty that everyday investors face in gaining exposure to gemstone markets, which have historically been accessible only to specialist traders or large institutions. It does this through a two-part structure: a Special Purpose Vehicle backed by a reported $90 million SKR certificate and a Colombian operating subsidiary, EMRL.D S.A.S., that handles emerald sourcing and procurement directly.

EMRL.D operates as a token on the Polygon ecosystem, inheriting Polygon's proof-of-stake consensus and settlement infrastructure rather than running its own blockchain or block production schedule, which is consistent with the block time of zero recorded in this profile. The token is meant to represent a stake in the dual-entity structure — the SPV holding the asset-backed certificate and the operating company conducting sourcing — rather than functioning as a medium of exchange or a governance instrument inside a protocol. Beyond its existence on Polygon and its link to those two legal entities, the on-chain mechanics disclosed in this profile are limited.

The data stored for EMRL.D does not include any fee stream — there are no protocol fees, revenue figures, or yield distributions recorded here, so fee-based measures such as price-to-fees ratios are not applicable to this asset on this site. The token's economic logic, as described, is tied to the value of the underlying emerald assets and the operations of the Colombian subsidiary rather than to recurring on-chain fee collection. At the point-in-time snapshot, 25 million tokens are in circulation out of a maximum supply of 100 million, meaning 75 million tokens — equivalent to a dilution overhang of 300 percent relative to the current circulating supply — have not yet entered the market. The fully diluted valuation is recorded as four times the current market capitalisation of approximately $34.84 million, reflecting that large portion of supply not yet circulating.