Over the weekend, The Mint, NBX's new trading platform for tokenized gems, went live. The Mint is now integrated into NBX's trading platform and you must be a customer of NBX to be able to trade rubies and sapphires from Greenland. Or rather: Tokens based on rubies and sapphires from Greenland. The Mint is a tokenization platform that NBX intends to use to tokenize several types of Real World Assets. The next asset class out is investment in solar parks.
While Tokenization of Real World Assets (RWA) is a real hype in the borderland between crypto and classic finance right now, it's still new to most investors. Real World Assets is a collective term for more traditional asset classes, such as stocks and bonds, but also for physical assets such as oil, real estate and metals. With the help of tokenization, assets are digitized and fractionated (split up), making them more easily available for purchase and sale.
If you have read some newspaper headlines last week that NBX has bought The Mint for NOK 24 million, then one might think that NBX is now buying large amounts of gems to put them on its balance sheet and speculate on the increase in value. That's not the case. What NBX is doing is buying a company with a trading platform, starting by making the buying and selling of gems available, both in a first-hand and secondary market. But eventually, the platform will be able to be used to make also other Real World Assets available to investors.
NBX is thus the first in Norway, and one of the first in the Nordic countries, to launch a platform for tokenization. Another platform we know about in Kaupr is Danish DigiShares, which is a platform for tokenization of real estate. At the same time, you won't see DigitShares' trading platform open online. DigiShares is a so-called White Label solution, which involves leasing their technology to other players, who sew DigiShares into their own trading platforms, under their own branded merchandise. Tokenization is also an area that DNB is looking at, as evidenced, among other things, by a interview we published with Nikolai Nyrud Gobel and Ole Morten Sunde in DNB in December.
We at Kaupr have just interviewed Stig Aleksander Kjos-Mathisen both about their positioning, development and investment in tokenization. In the interview, Kjos-Mathisen also talks about how The Mint's trading solution and the tokenization of the gems works. While the physical gems are stored securely in a vault, there is a so-called smart contract that documents the ownership of the gems.
<iframe width="100%" height="400" src="https://www.youtube.com/embed/ct498YvY2Iw?si=TCPgu8YpsOynGzoq" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
Here you can read more about NBX acquisition of The Mint, and in this stock exchange announcement from NBX you can find more information about the new marketplace.
Over the weekend, The Mint, NBX's new trading platform for tokenized gems, went live. The Mint is now integrated into NBX's trading platform and you must be a customer of NBX to be able to trade rubies and sapphires from Greenland. Or rather: Tokens based on rubies and sapphires from Greenland. The Mint is a tokenization platform that NBX intends to use to tokenize several types of Real World Assets. The next asset class out is investment in solar parks.
While Tokenization of Real World Assets (RWA) is a real hype in the borderland between crypto and classic finance right now, it's still new to most investors. Real World Assets is a collective term for more traditional asset classes, such as stocks and bonds, but also for physical assets such as oil, real estate and metals. With the help of tokenization, assets are digitized and fractionated (split up), making them more easily available for purchase and sale.
If you have read some newspaper headlines last week that NBX has bought The Mint for NOK 24 million, then one might think that NBX is now buying large amounts of gems to put them on its balance sheet and speculate on the increase in value. That's not the case. What NBX is doing is buying a company with a trading platform, starting by making the buying and selling of gems available, both in a first-hand and secondary market. But eventually, the platform will be able to be used to make also other Real World Assets available to investors.
NBX is thus the first in Norway, and one of the first in the Nordic countries, to launch a platform for tokenization. Another platform we know about in Kaupr is Danish DigiShares, which is a platform for tokenization of real estate. At the same time, you won't see DigitShares' trading platform open online. DigiShares is a so-called White Label solution, which involves leasing their technology to other players, who sew DigiShares into their own trading platforms, under their own branded merchandise. Tokenization is also an area that DNB is looking at, as evidenced, among other things, by a interview we published with Nikolai Nyrud Gobel and Ole Morten Sunde in DNB in December.
We at Kaupr have just interviewed Stig Aleksander Kjos-Mathisen both about their positioning, development and investment in tokenization. In the interview, Kjos-Mathisen also talks about how The Mint's trading solution and the tokenization of the gems works. While the physical gems are stored securely in a vault, there is a so-called smart contract that documents the ownership of the gems.
<iframe width="100%" height="400" src="https://www.youtube.com/embed/ct498YvY2Iw?si=TCPgu8YpsOynGzoq" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
Here you can read more about NBX acquisition of The Mint, and in this stock exchange announcement from NBX you can find more information about the new marketplace.
