The palladium fund Global Palladium Fund, established by NorNickel, placed a digital exchange-traded instrument (ETC), backed by nickel with a neutral carbon balance, on the Vienna Stock Exchange (Wiener B\u00f6rse). According to ForkLog, representatives of the company said.<\/p>\n
The ETC, oriented toward institutional investors, has an overall expense ratio of 0.75%. Minimum investments amount to $100,000.<\/p>\n
Information about the origin, ownership and storage of the metal is recorded on the Hyperledger blockchain to ensure transparency and security of the assets.<\/p>\n
The carbon credits backing the ETC were obtained through NorNickel’s reductions in carbon emissions in the 2019\/2020 financial year. The methodology used to calculate the metrics has been verified by international auditors Ernst & Young and Sphera.<\/p>\n
The world’s largest producer of platinum, palladium, and high-grade nickel\u2014and a leader in copper production\u2014created Global Palladium Fund to broaden its global distribution capabilities.<\/p>\n
The fund’s current portfolio comprises six tokens backed by reserves of metals produced by NorNickel. The liquidity of the assets is provided by Flow Traders.<\/p>\n
Earlier, in January, GPF issued digital exchange-traded instruments linked to palladium, platinum, gold and silver<\/a> on Deutsche B\u00f6rse.<\/p>\n In June, nickel- and copper-backed ETC<\/a> were added to listings on the London Stock Exchange and Borsa Italiana.<\/p>\n In December 2020, the fund issued the first tokens to transfer into digital form part of the contracts<\/a> of a mining-and-metallurgical company with industrial partners.<\/p>\n Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 the full news feed, ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":" The NorNickel-founded palladium fund Global Palladium Fund placed a nickel-backed digital exchange-traded instrument (ETC) on the Vienna Stock Exchange.<\/p>\n","protected":false},"author":1,"featured_media":48939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[27,1211,596],"class_list":["post-48938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-russia","tag-stock-market","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48938"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48938\/revisions"}],"predecessor-version":[{"id":48940,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48938\/revisions\/48940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48939"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}