London, October 26, 2023 - Zodia Custody, a crypto custodian backed by Standard Chartered and SBI, announced a partnership with GEMx, a Swiss fintech company, to secure tokenized emeralds. This collaboration aims to bridge the gap between traditional finance and the blockchain world.
The partnership will facilitate the safekeeping of tokenized emeralds, offering institutional investors fractional ownership in a diversified portfolio. These physical emeralds, stored in vaults, have historically seen an average annual appreciation of approximately 9%.
The EmGemX token provides access to the gemstone market. The tokenization of real-world assets (RWAs) is becoming more prevalent. This initiative offers a secure, auditable, and inflation-resistant investment opportunity.
"Partnering with Zodia Custody is a major milestone in our mission to bring institutional trust and stability to the gemstone investment market," said Paul Poltner, CEO and co-founder of GEMx. (Source: Press Release, Wednesday)