Norilsk Nickel’s Global Palladium Fund lists exchange instruments on the LSE

The Global Palladium Fund has listed Norilsk Nickel’s copper and nickel-backed exchange traded instruments (ETCs) on the London Stock Exchange, the company said. For the first time, the instruments provide investors with low-cost access to copper and nickel.

The ratio of total costs is 0.85% for copper ETC and 0.75% for nickel, which is “making them the most cost-effective way for European-based investors to achieve exposure to the metals through an exchange-traded product as they seek to take advantage of the energy transition trend” says Norilsk Nickel.

The listings follow the launch of GPF’s physically backed, low-cost gold, silver, platinum and palladium ETCs at the beginning of 2021. All six physically backed metal Exchange Traded Commodities (ETCs) also listed last week on Borsa Italiana — the largest listing of its kind in over a decade.

GPF is the first ETC issuer to use Blockchain technology to provide investors with enhanced transparency and security in their metal ETCs by recording bar information into distributed ledger technology. The new nickel and copper ETCs will track the respective LME cash prices. The metal backing GPF ETCs is stored in secure warehouses in Rotterdam.

To strengthen ETC security for investors, GPF uses IBM’s Hyperledger Blockchain protocol. By recording bar and cathode information on the blockchain, it provides clear ownership and an immutable custody chain for investors using the ETCs.

“We are excited to announce the launch of the GPF’s new ETCs — the first physically backed nickel and copper exchange traded products. The new digital instruments is a great opportunity for investors to benefit from the rising demand for the base metals as the world is setting on the path towards a greener future.” – commented Anton Berlin, Nornickel Vice President, Sales and Distribution.

“GPF is committed to democratizing investment in precious and base metals. The new physical copper and nickel ETCs benefit from our low pricing, enhanced transparency and security and sustainable supply source.” – said Alexander Stoyanov, Chief Executive Officer of the Global Palladium Fund.

Norilsk Nickel became the first issuer of Atomyze industrial asset tokenization platform based on Hyperledger Fabric blockchain technology. Automyze, a global digital marketplace, is powered by distributed ledger technology that digitizes physical assets and streamlines the trading process by achieving faster processing times, while providing transparency and unprecedented security.

Earlier, Nornickel’s president, Vladimir Potanin, has pledged to explore technological innovations in the financial sector, such as tokenization, to create added value, democratize access and benefit the society. Interros, Russia’s largest investment company founded by Mr. Potanin over 30 years ago, has joined the consortium of investors backing Atomyze – an international tokenization platform.

Norilsk Nickel is following the path of “creating a transparent and responsible digital market for metals, forming end-to-end chains of more environmentally friendly products,” said Potanin.

“Digitization opens up the ability to trace the origin of metals at all stages of the supply chain and stores a series of immutable data to control parameters such as the carbon footprint. We are aware of our responsibility to provide reliable supplies that are sustainable. Therefore, we will continue the course towards integrating the most modern digital technologies into the metallurgical business, and, together with the leaders of the global IT industry, we will support the largest initiatives in this area.” – Mr. Potanin noted.