Emerald Security Token

Emerald Security Token (EMRL.D) is a tokenized real-world asset on the Polygon blockchain that represents exposure to physical emerald assets sourced from Colombia. It is structured through a dual-entity model: a Special Purpose Vehicle backed by a reported $90 million SKR certificate that holds the underlying assets, paired with EMRL.D S.A.S., a Colombian subsidiary responsible for sourcing and procuring emeralds directly from origin. The token is aimed at investors who want a blockchain-based connection to physical gemstone assets, a category that has historically been accessible only through specialized private markets.

EMRL.D lives on the Polygon network, which handles its settlement and transfer; the token itself does not have its own consensus algorithm or block time, as it inherits Polygon's infrastructure. Each token is intended to represent a claim backed by the SPV's emerald holdings and the operational activities of the Colombian subsidiary, combining asset-backing with direct sourcing in a single instrument. The specific mechanics of redemption, custody, and valuation of the underlying physical emeralds are not captured in the data stored here.

The data stored for EMRL.D does not include a fee stream, revenue model, or protocol earnings figures, so no fee-based measures — such as fee yield or revenue multiples — can be calculated or presented for this asset. What the data does show is a circulating supply of 25,000,000 tokens out of a maximum supply of 100,000,000, meaning 25% of the total supply has been issued as of this point-in-time snapshot. The remaining 75,000,000 tokens represent a dilution overhang of approximately 300%, meaning the fully diluted token count is four times the current circulating figure, as reflected in the point-in-time fdv-to-mcap ratio of 4.0.