Nornickel’s metals digitalisation firm, GPF Investments (GPFI), has successfully issued four types of tokens linked to platinum group metals — platinum, palladium, ruthenium, and iridium — on the Atomyze blockchain platform. Currently, these financial instruments are accessible exclusively to qualified investors.
This issuance includes 1,255 digital financial assets, equivalent to approximately RUB 2.5 million, with each token representing one gram of metal. The maturity of digital assets for platinum group metals is one year, but there are several early redemption periods. An investor can choose a maturity date that is comfortable for him and lock in a profit at a time when the price of metals is particularly attractive.
Pricing of platinum and palladium tokens aligns with the London Bullion Market Participants Association (LBMA) last evening rate, converted at the rouble-dollar exchange rate set by the Bank of Russia. Ruthenium and iridium tokens will be priced according to rates published by Johnson Matthey, a British chemical company.
GPFI, a subsidiary of Nornickel, focuses on selling base and precious metals through advanced digitalisation technologies. The firm is preparing a series of public issues of digital financial assets (DFAs) in Russia, encompassing various metals baskets that include nickel, copper, platinum, palladium, and gold, exclusively for qualified investors.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
