Institutional gemstone market access facilitated as Zodia Custody takes custodianship for GEMx's tokenized emeralds, marking a pioneering move.
In a significant move, digital assets platform Zodia Custody and GEMx AG have announced a partnership to provide institutional investors with secure and compliant access to digital emerald investments. The collaboration marks an additional step in Zodia Custody's commitment to offering digital asset opportunities to institutional investors. GEMx AG's emerald Real World Asset (RWA) enables banks and institutional investors to diversify their portfolios with secure, real-world assets. With the EmGEMx Token, investors gain access to a managed investment in a diversified portfolio of high-quality emeralds. The assets are securely stored in independent vaults and subject to regular, independent appraisals, providing a tangible hedge against economic uncertainty. Paul Pöltner, CEO and Co-Founder of GEMx AG, stated that partnering with Zodia Custody is a major milestone in GEMx's mission to bring institutional trust and stability to the gemstone investment market. He added that with GEMx, they have built a framework that delivers real-world value through digital innovation. Anoosh Arevshatian, Chief Product Officer at Zodia Custody, expressed excitement about contributing to the foundation of the integration of real-world assets into the digital space with this partnership. He mentioned that the partnership with GEMx is a testament to Zodia Custody's capability in facilitating the practical application of tokenization for real-world assets. Zodia Custody's infrastructure allows professional investors to access the unique asset class of emeralds in a fully compliant, institutional-grade format. The EmGEMx Token, designed specifically for institutional investors, banks, and financial institutions, leverages blockchain technology to facilitate access to emeralds, an asset class that has exhibited an average annual appreciation of approximately 9% over the past three decades. The partnership between Zodia Custody and GEMx presents a further development in the integration of real-world assets into the digital space. GEMx AG's platform offers institutional-grade, fractional ownership of emeralds, making these high-value assets accessible to a broader range of investors. Zodia Custody, backed by Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD, has been appointed as the digital asset custody partner for GEMx AG. The Japanese SBI Shinsei Bank has registered as a future customer of Zodia Custody, signaling a strategic partnership involving blockchain-based tokenized deposits and cross-border transactions. However, Zodia Custody ended its Japan venture with SBI recently, signaling a strategic realignment. Investors receive fractional ownership in a diversified portfolio of high-quality emeralds through GEMx AG, serving as a stable, historically inflation-resistant alternative to traditional investments. The EmGEMx Token provides investors with a secure, auditable, and historically inflation-resistant investment opportunity. Paul Pöltner stated that with this partnership, they are confidently participating in the groundbreaking initiative of making emeralds available on the blockchain market. This partnership is a significant step towards bringing the benefits of blockchain technology to the gemstone investment market, offering institutional investors a secure and compliant way to invest in high-quality emeralds.
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