U.S. markets open in 2 hours 51 minutes
  • S&P Futures

    3,979.75
    +9.50 (+0.24%)
     
  • Dow Futures

    33,884.00
    +13.00 (+0.04%)
     
  • Nasdaq Futures

    11,668.50
    +52.25 (+0.45%)
     
  • Russell 2000 Futures

    1,839.60
    +6.80 (+0.37%)
     
  • Crude Oil

    79.42
    +2.18 (+2.82%)
     
  • Gold

    1,768.40
    +13.10 (+0.75%)
     
  • Silver

    21.49
    +0.36 (+1.70%)
     
  • EUR/USD

    1.0380
    +0.0035 (+0.34%)
     
  • 10-Yr Bond

    3.7030
    0.0000 (0.00%)
     
  • Vix

    22.23
    +1.73 (+8.44%)
     
  • GBP/USD

    1.2017
    +0.0052 (+0.44%)
     
  • USD/JPY

    137.9590
    -0.9420 (-0.68%)
     
  • BTC-USD

    16,510.66
    +299.50 (+1.85%)
     
  • CMC Crypto 200

    390.35
    +10.06 (+2.65%)
     
  • FTSE 100

    7,524.50
    +50.48 (+0.68%)
     
  • Nikkei 225

    28,027.84
    -134.99 (-0.48%)
     

Blockchain firm executes Russia's first digital asset deal with palladium

St. Petersburg International Economic Forum (SPIEF)

MOSCOW (Reuters) - Russian blockchain firm Atomyze has launched the first digital token backed by palladium produced by Nornickel, it said on Monday.

Atomyze was the first Russian firm to receive approval to exchange digital assets in February, while the central bank has long voiced scepticism about cryptocurrencies.

"The emergence of Russia's first industrial token marks the entry of the Russian economy into a new period - the era of tokenisation," businessman Vladimir Potanin said in a statement of his Interros Holding, one of Atomyze's investors and the largest shareholder at metals producer Nornickel.

"Unlike unsecured cryptocurrency, where blockchain technology is used to maximise user anonymity, industrial and other tokens are secured by physical assets, and the use of blockchain technology makes transactions with them secure," he added.

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

(Reporting by Reuters; editing by Jason Neely)