Blockchain Firm Atomyze Tokenizes Palladium from Nornickel July 18, 2022 July 18, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJuly 18, 2022 by Kelly Cromley

Blockchain Firm Atomyze Tokenizes Palladium from Nornickel

Russian blockchain company Atomyze announced the tokenization of palladium manufactured by Nornickel. Atomyze was the foremost Russian company to be granted permission to trade digital assets five months back (February), despite the central bank’s longstanding reservations over digital currencies.

The release of Russia’s initial industrial token signals the entrance of the Russian market into digital age – the new era of tokenization,” as per Vladimir Potanin, CEO of Interros Holding, one among Atomyze’s investors and the biggest stakeholder at metals manufacturer Nornickel.

“In contrast to unsecured cryptocurrencies, where blockchain technology is utilized to maximize user privacy, industrial as well as other digital tokens are backed by tangible assets, and the utilization of blockchain technology has made their transactions safe,” he noted.

The initial investors on the platform are the Russia headquartered Rosbank, in which Interros also owns a stake, and the intermediary (broker) Vector X, according to a statement released by Atomyze.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.