Russia Oligarch Launching Palladium Backed Token (Beware; Loose News)


Elite Member
Oct 30, 2020
So apparently, a Russian Oligarch is launching a Palladium backed token.

Reported by CoinTelegraph, this is only based off THE NEWS.... keep this in mind.

Backed by a sanctioned Russian oligarch, Atomyze became Russia’s first legal digital asset manager, obtaining registration from the central bank in February 2022.

This is in conjunction with local bank, Rosbank.

Both Atomyze and Rosbank are backed by Interros, a Russian conglomerate and investment firm co-founded by sanctioned oligarch Vladimir Potanin. The CEO of the Russian nickel and palladium mining and smelting company Nornickel originally announced plans to tokenize palladium back in 2019 through a Switzerland-based palladium fund.

Anyone heard of this in depth?
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