May 12, 2024

The start of a new trend? – Norilsk Nickel has found an electronic replacement for Russian rubles

Nornickel has launched its own digital tokens for settlements with its production partners.Theylaunched on the basis of a Swiss blockchain platformAtomyze and are provided with all the metals produced by the company. The first partners of Norilsk Nickel, who agreed to settle with it in virtual money, were the international companies Traxys and Umicore.

The whole article is here: https://cnews.ru/link/n521371

What is this - a new trend?
So, any manufacturer of anything can create tokens backed by their product.