Russia's Richest Man Plans Crypto Tokens Backed by Palladium

  • Nornickel and Potanin are developing several digital platforms
  • Palladium tokens could make trading easier, billionaire says
Vladimir PotaninPhotographer: Jason Alden/Bloomberg
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MMC Norilsk Nickel PJSC and its billionaire chief Vladimir Potanin are planning several digital platforms, including using crypto tokens for trading palladium.

The world’s top palladium producer is in talks with Swiss authorities about issuing tokens by its Switzerland-based palladium fundBloomberg Terminal, and may eventually expand the concept to other metals, Potanin said in an interview in Moscow.