GPF Investments, a subsidiary of Norilsk Nickel, has issued Russia's first digital token for a basket of five metals: gold, palladium, platinum, copper and nickel.
According to Nornickel’s press service, the new diversified portfolio makes it possible to balance risk and return. The token value is automatically calculated based on a formula that incorporates the quotations of two major commodity exchanges: the London Bullion Market Association (LBMA) and the London Metal Exchange (LME).
Vladimir Pronsky, CEO of GPF Investments, commented: “We are offering investors a truly unique digital financial asset for Russia. This new product reflects not only Nornickel’s general commitment to innovation but also the company’s focus on the Russian private investment sector. In an era where macroeconomic uncertainty becomes the new norm, our digital products demonstrate what the ’safe haven’ of the future could look like.”
The issue volume of the new digital financial assets is 11 million rubles, with a circulation period of one year. To fulfill its obligations, GPF Investments acquires the required amount of precious metals at the issuance of the financial instrument. The new DFAs are aimed at qualified investors.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
