Russia’s Richest Man Starts Testing Sales of Crypto Metal Tokens
- Russian miner says tokens may account for 20% of its sales
- Start-up backed by Potanin has developed a digital platform
This article is for subscribers only.
MMC Norilsk Nickel PJSC, the biggest palladium and refined nickel producer, has started testing a platform for digital metal tokens that may eventually account for a fifth of its sales.
Clients including Trafigura Group Ltd., Traxys SA and Umicore SA have been involved in the tests, Chief Executive Officer Vladimir Potanin said in an interview near Moscow. Potanin, Russia’s richest man, wants Nornickel to become the first major mining company to offer digital sales of metals to help make trading easier.