ICYMI: Metal tokenization firm Atomyze US is shutting down
Blockchain platform Atomyze US is winding down operations. The company was aiming to tokenize metals like platinum and palladium.
Atomyze's model essentially would take in metal from the asset provider and hold it in a secure vault, Hightower-Sellittowith Kitco News. Token holders would own the actual metal via the digital title, which would be"fully redeemable." The company was hoping to target institutional investors and planning to extend its product across other types of commodities and physical assets.
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