The crypto custody company Zodia Custody, supported by major banks such as Standard Chartered and SBI, has started to take on the secure storage of tokenized emeralds in collaboration with the Swiss fintech firm GEMx. This partnership aims to bridge the traditional precious stone market with the digital asset world.
Standard Chartered Supported Zodia Custody has Started the Custody of Tokenized Emeralds
According to the press release made on Wednesday, thanks to this collaboration, institutional investors will be able to obtain fractional ownership in a diversified portfolio consisting of high-quality emeralds through a token called EmGemX.
Tokenization enables the digitization of physical emeralds through blockchain technology, making them more accessible and liquid.
Emeralds are held in secure vaults that are regularly assessed by independent experts. According to the statement, emeralds have emerged as a stable investment vehicle with an average annual value increase of about 9% in recent years.
"We are Digitizing Real World Value"
"Paul Poltner, CEO and co-founder of GEMx, stated regarding the collaboration, 'Partnering with Zodia Custody is a significant milestone in our mission to bring institutional-level trust and stability to the precious stone investment market.'"
Poltner said, "The structure we have created with GEMx offers real-world value to investors with a secure, verifiable, and historically inflation-resistant digital innovation."
This development is seen as part of the trend of tokenizing real-world assets (RWA). This model, where many physical assets from real estate to bonds are represented on the blockchain, is increasingly blurring the lines between traditional finance and digital assets. Zodia Custody's move could facilitate institutional access to traditional and private markets like precious stones.
*This is not investment advice.
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Standard Chartered Supported Crypto Custody Company Zodia Custody Enters the Jewelry Sector! Tokenized Emeralds are Coming! Here are the Details
The crypto custody company Zodia Custody, supported by major banks such as Standard Chartered and SBI, has started to take on the secure storage of tokenized emeralds in collaboration with the Swiss fintech firm GEMx. This partnership aims to bridge the traditional precious stone market with the digital asset world.
Standard Chartered Supported Zodia Custody has Started the Custody of Tokenized Emeralds
According to the press release made on Wednesday, thanks to this collaboration, institutional investors will be able to obtain fractional ownership in a diversified portfolio consisting of high-quality emeralds through a token called EmGemX.
Tokenization enables the digitization of physical emeralds through blockchain technology, making them more accessible and liquid.
Emeralds are held in secure vaults that are regularly assessed by independent experts. According to the statement, emeralds have emerged as a stable investment vehicle with an average annual value increase of about 9% in recent years.
"We are Digitizing Real World Value"
"Paul Poltner, CEO and co-founder of GEMx, stated regarding the collaboration, 'Partnering with Zodia Custody is a significant milestone in our mission to bring institutional-level trust and stability to the precious stone investment market.'"
Poltner said, "The structure we have created with GEMx offers real-world value to investors with a secure, verifiable, and historically inflation-resistant digital innovation."
This development is seen as part of the trend of tokenizing real-world assets (RWA). This model, where many physical assets from real estate to bonds are represented on the blockchain, is increasingly blurring the lines between traditional finance and digital assets. Zodia Custody's move could facilitate institutional access to traditional and private markets like precious stones.
*This is not investment advice.
Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, start live price tracking by downloading our Android and IOS applications right away!