Palladium, nickel, platinum and copper producer Nornickel announced that the Global Palladium Fund (GPF), founded by Nornickel, launched exchange-traded commodities (ETCs) for metals on Deutsche Börse, thereby enabling low-cost access to commodity investment opportunities. The fund’s intention was to launch the ETCs on the LSE.

GPF contributes physical palladium, platinum, gold and silver to the ETC instruments, while software company Tokentrust AG provides metal custody and uses its Atomyze platform, with distributed ledger technology, to immutably record metal information, adding an extra layer of security.

The ETCs are offered at LSE spot price, with a competitive total expense ratio on the current market.

“The exchange traded products carry the benefit of financial assets with no restrictions pertaining to investing in LME deliverable metal and issuing warrants. They offer investors competitive cost of ownership and transaction fees,” says Nornickel sales and distribution VP Anton Berlin.

Tokentrust AG CEO Marco Grossi says that the company’s Atomyze platform brings the industrial and financial worlds together in a new digital market ecosystem. Tokentrust as the operator of the platform has attained this significant milestone, owing to its experienced team of specialists and business partners.

“Digitalisation of commodities allows one to capture and trace the source of underlying metals and the way they were produced, coupled with environmental, social and corporate governance credentials. Nornickel, whose products we carry, sets a new standard for responsible mining by fully endorsing the United Nations 2030 Charter and the existing London Bullion Market Association source of metal standards. This gives our ETC platform a market-leading position and a clear differentiator,” says GPF CEO Alexander Stoyanov.

The GPF was established to foster global product distribution. The mining group is planning to use the Atomyze platform to tokenise part of its contractual volumes, thereby providing a new class of product for a broad range of players eager to invest in digital asset markets.