Russian Smelting Giant Begins Testing Digital Trading Platform By Cointelegraph


© Reuters. Russian Smelting Giant Begins Testing Digital Trading Platform

Russian mining and smelting giant Nornickel has commenced testing its digital platform for metals trading.

As Bloomberg reported on Dec. 5, Nornickel began trialing its platform for digital metal tokens in collaboration with physical commodities trading group Trafigura Group Ltd., metals finance and logistics firm Traxys SA and materials technology and recycling group Umicore SA. Specifically, the platform is designed to enable clients to purchase digital tokens backed by metals and then trade them for physical supplies.

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