Russia: Blockchain company concludes Russia’s first digital asset deal with palladium

Russian blockchain solid atomic launched the first digital token backed by palladium produced by Norilsk Nickel, the report said.

Atomyze became the first Russian firm to receive permission for a digital asset exchange in February, while the central bank has long been skeptical about cryptocurrencies.

“Appearance RussiaThe first industrial token marks the entry of the Russian economy into a new period — the era of tokenization,” businessman Vladimir Potanin said in a statement from his Interros holding, one of Atomyze’s investors and the largest shareholder in metal producer Norilsk Nickel.

“Unlike insecure cryptocurrencies, where blockchain technology is used to maximize user anonymity, industrial and other tokens are protected by physical assets, and the use of blockchain technology makes transactions with them secure,” he added.

Russian bank Rosbankin which Interros also owns a stake, and broker Vector X became the first investors on the platform, Atomyze said in a statement.

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