Atomyse gets ready to sell tokenized metal in America

Russia’s mining and smelting giant Nornickel’s ambitious tokenization start-up : Atomyse LLC. has set up it’s shop in Greenwich to sell its tokenized metal in the American market. Atomyse will be working alongside Tokentrust, the company that’s responsible for tokenizing Nornickel’s metals.

SO, what is tokenized metal?

Tokenized Metals are metal-backed tokens. Tokenization places real world assets or commodity-like metal into a blockchain and makes it into a cryptocurrency. So, anything represented with a cryptographic token is considered as tokensied asset. Tokenization coverts hard to trade assets like precious metal as they convert them into crypto tokens they become as easy to trade as bitcoins. In turn creating, wide market and investor base.

How do investors and users benefit?

Atomyse will use Hyperledger Fabric Power backend coded by Nornical’s engineers together with IBM and issue tokens backed by Nornickel’s metal inventory. According to CEO of Nornical, “ The industrial producers can use such contracts to flexibly modify their contract for delivery of metals, and people interested to invest in metal industry can use token bet on prices of metals like : copper, nickel, palladium ; instead of buying stocks in companies like Nornical directly.

Tokenized Assets offer greater liquidity, faster transactions settlement times, and greater transparency that only blockchain can offer. Similarly tokenized material can uncomplicate trade precious metals and remove rent seeking behavior of brokers.

This year, DeFi has shown the scale and viability of Tokenize Assets. We have created our own token on the Ethereum Blockchain Platform- XcelToken Plus. A one of a kind utility token with which you can top up your mobile plan, book hotel and flights. Do invest now.