"Nornickel introduced the Atomyze platform, based on the Hyperledger blockbuster.

   "Nornickel is testing the Atomyze platform based on the Hyperledger blockchain and preparing to release tokens provided with palladium, cobalt and copper. At the same time the issue of obtaining licenses from the regulators is being resolved.

Testing of Atomyze platform is carried out with the participation of Trafigura, Umicore and Traxys companies working in metallurgical industry. They started testing the functionality of the platform at the very early stage of testing, which began in December.

The Atomyze platform was developed by the Swiss company Tokentrust under the leadership of Marco Grossi, CEO of Deloitte Swiss Branch, and Alexander Stoyanov, Managing Director of Nornickel — Global Palladium Fund. IBM acted as a leading technology partner, Big Blue was involved in the integration of the enhanced BFT (Byzantine Fault Tolerant) consensus algorithm.

Atomyze's developers are already "preparing the ground" for the production of tokens provided with palladium, cobalt and copper, which are extracted by Nornickel. In the first year after the launch of the platform, the company plans to token up to 10% of its total sales, which may increase to 20% in the future. Atomyze is currently negotiating with major organizations from various industries, which will be ready to connect to the platform and become independent nodes to ensure the necessary level of decentralization. The network will operate in a publicly accessible IBM cloud.

NorNickel CEO Vladimir Potanin said that later the Atomyze platform will be available to a wide range of companies and financial organizations in the United States and Switzerland. By the end of the year Russian users may also get access to Atomyze, if by that time the legal status of digital assets in the country becomes clear.

According to Marco Grossi, Atomyze management is going to send an application to Swiss regulatory authorities for a license to work with tokenized securities. The platform will comply with European privacy laws, particularly the General Data Protection Regulations (GDPR) and the German Cloud Computing Compliance Controls Catalog (C5).

Last week, NorNickel's asset tokenization platform was tested in the Bank of Russia sandbox.