The logo of Russia’s mining organization Norilsk Nickel (Nornickel) is seen during the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 15, 2022. REUTERS/Maxim Shemetov
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MOSCOW, July 18 (Reuters) – Russian blockchain firm Atomyze has sent off the first advanced token upheld by palladium delivered by Nornickel (GMKN.MM), it said on Monday.
Atomyze was the principal Russian firm to get endorsement to trade computerized resources in February, while the national bank has long voiced wariness about digital currencies. understand more
“The emergence of Russia’s first industrial token marks the entry of the Russian economy into a new period – the era of tokenisation,” finance manager Vladimir Potanin said in an explanation of his Interros Holding, one of Atomyze’s financial backers and the biggest investor at metals maker Nornickel.
“Unlike unsecured cryptocurrency, where blockchain technology is used to maximise user anonymity, industrial and other tokens are secured by physical assets, and the use of blockchain technology makes transactions with them secure,” he added.
Russian bank Rosbank, in which Interros likewise claims a stake, and a dealer Vector X, turned into the primary financial backers on the stage, Atomyze said in its statement.
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Reporting by Reuters; altering by Jason Neely
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