Tiberius Coin (TCX) is an asset-backed coin. The developers claim that each token represents the ownership of the following metals: technology metals (25g copper, 5g tin), electric vehicle metals (25g aluminum, 6g nickel, 1g cobalt), stability metals (3mg gold, 1.5mg platinum). When metal is purchased, Tiberius Crypto Ltd. (“TIC”) leaves the metal under custody in a warehouse. The latter then issues a receipt that represents the underlying commodity. The individual warehouse receipts are replaced with a global certificate by TIC. The purchaser gets “dynamic co-ownership” of the global certificate equivalent to their share in the underlying warehouse receipts.