Atomyze Tokenization Platform, owned by billionaire Vladimir Potanin, launched in test mode. Potanin Mining and Metallurgical Company Norilsk Nickel will be the first company to issue tokens on the new platform.
Atomyze is based on the IBM Hyperledger Fabric blockchain. Nornickel partners were invited to participate in the test – the Singapore-based exchange company Trafigura, the US logistics company Traxys and the resource company Umicore.
According to Potanin’s calculations, cryptocurrencies will ultimately account for one-fifth of all sales of Norilsk nickel. Initially, the company plans to test tokens, supported by reserves of palladium, cobalt and copper. At the same time, output is expected to reach 10% of total product sales in the first year.
Potanin plans to extend the platform to its other companies in the future, such as the Nordstar airline or the Rosa Khutor resort in Sochi. But this platform requires the approval of the central bank.