Norilsk Nickel, a producer of palladium and nickel, is issuing a digital version of the bonds. The first token was called New Money Market, placed on the Atomize blockchain platform.
This token is considered a digital financial asset (DFA), but it is a virtual bond. A debt secures a New Money Market to a supplier of production equipment. The investor is Rosbank.
The main goal for Norilsk Nickel in this project is to test the functionality of the platform at the stages of issuance and circulation of the DFA, so the cost of the token is small and amounts to 9 million rubles.
New Money Market combines the advantages of traditional paper-based financial products, such as factoring and short-term bonds, and the unique properties of DFA on the blockchain. Such as settlements based on a smart contract, confirmation of ownership, fast transfer of these rights in the secondary market, etc.
Rosbank said that New Money Market would first of all help businesses. For example, a token can replace Eurobonds in the international market for large enterprises. This is a way to borrow the amount they need for small and medium businesses. Lenders can also invest free funds in virtual bonds.
