Tag: Tokenization

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Standard Hashrate Welcomes 5 New Miners To BTCST

Standard Hashrate

Standard Hashrate Group (“SHG”) is an open platform where prominent miners standardize and tokenize their BTC hashrate. Today, SHG announced Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia as tokenization miners. SHG welcomes these industry-leading companies to tokenize a total of 25 PH/s of Bitcoin hashrate into Bitcoin Standard Hashrate Tokens (“BTCSTs”).

With its successful debut on Binance Launchpool, BTCST has become the benchmark hashrate token with deep market liquidity and price premium. Further contribution of Bitcoin hashrate by Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia Group will bring to BTCST best-in-class skills in hashrate provisioning and continuity assurance.

“Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia form a diverse and powerful group to join as BTCST’s new batch of tokenization miners. They share SHG’s vision of bringing exchange-level liquidity to mining power and bridging real-world mining to the DeFi world. Their rich experience and collaborative approaches in industrial scale mining will be greatly complementary to SHG,” said Alex Zhao, CEO of SHG.

“We believe BTCST has connected Bitcoin mining to the DeFi world,” said Tony Ma, CEO of Atlas Mining. “With BTCST, we can earn real BTC via crypto-native staking.”

“Mining is an asset intensive industry. BTCST has turned mining machines into high liquidity assets as Grayscale does to Bitcoin, injecting incremental value into the mining market,” said Zhuoer Jiang, CEO of BTC.TOP.

“We believe a project like BTCST should focus on decentralization of hashrate sourcing,” said Cathy Yu, CMO of Easy2Mine. “We are glad to support this project as a tokenization miner.”

“BTCST is really exciting,” said Rene Hennen, COO of Genesis Mining, “It is one of the rare inventions which expands the Bitcoin ecosystem with the potential to add a lot of value.”

“As the operator of some of the largest hydropower cryptocurrency mining facilities, we applaud the innovation of the BTCST project,” said Jiwei Zhu, Chairman of Hengjia Group. “We hope to work with the BTCST project to improve its ecosystem.”

BTCST is a token collateralized by real Bitcoin mining power. By staking BTCSTs, holders of the tokens will receive daily Bitcoin distributions that correspond to the mining power staked. With BTCST, you mine Bitcoin the DeFi way.

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Blockchain News Cryptocurrency News

World’s Largest Palladium Producer Tokenizes The Metal

A New Era Of Tokenized Transactions

The Global Palladium Fund, established by PJSC MMC Norilsk Nickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, has issued the first tokens involving metal contracts to its major industrial partners Traxys SA and Umicore SA, setting the stage for the new era of digital transactions, which will optimize supply chain efficiency and transparency.

The Global Palladium Fund has issued the digital instruments via the global tokenization platform Atomyze, backed by a pool of international investors.

The first two clients, the world’s leading commodity actors and Nornickel’s longstanding partners – Traxys and Umicore – arrived after the mining giant announced its strategy to integrate into a digital ecosystem designed to give ultimate provenance and traceability to its metals.

Anton Berlin, Nornickel’s Vice President, Sales and Distribution, commented: “Nornickel is developing and setting new standards by digitalizing market transactions. The tokens issued by the Global Palladium Fund on the Atomyze platform will allow it to deliver Nornickel’s products to customers in a more efficient and transparent way. We are confident that it will provide the industry with the necessary tools to guarantee responsible sourcing.”

Alan Docter, Traxys Chairman commented: “The Atomyze tokenization platform has the potential to revolutionize the industrial commodity market. We are excited about this opportunity to be one of the first to use the tokenization platform, and believe that this new ecosystem can make our daily operations more flexible, sustainable and profitable.”

Bernhard Fuchs, Senior Vice President, Precious Metals Management and Umicore Marketing Services, added: “We recognize the value that the Atomyze platform is delivering: efficiency, cost optimization and flexibility that tokenization brings along – it’s a leap forward towards new levels of business efficiency as well as multi-layer-documentation, and we are looking forward to set off on this innovative path.”

Atomyze uses Distributed Ledger Technology (DLT) to tokenize assets in digital form providing accessibility, reducing costs, and increasing transparency. GPF, the platform’s first client, is issuing tokens covering the whole range of metals produced by Nornickel – via the Atomyze tokenization platform operated by Tokentrust AG.

Palladium is a precious metal, the silvery-white, malleable kind of the platinum group of elements. It has the atomic symbol Pd and is the most abundant element of the elementium group. It was first discovered by the English scientist, William Hyde Wollaston, from an examination of minerals gathered on the Indian Ocean Island of Mauritius. Palladium was first used as a metal in the 1820s, mainly to conduct the electrical currents that were then fashionable.