Major success for Finomet: Winner of the FinanzBusiness Award 2024!
We are delighted to announce that the Noble Group and Finomet have received the prestigious FinanzBusinessPreis 2024 for their revolutionary Digital Fund Usage Control! This technology will be indispensable in the metal storage business in the future. Andreas Wanschka, Editor-in-Chief of FinanzBusiness.de, presented us with the award, confirming our leading role in this field.
A small insurance policy for investors
More than five years ago, we had the idea of solving the problem of missing proof of storage when purchasing metals by using blockchain technology. This technology makes it possible to store data in a tamper-proof, non-manipulable way. As a result, Finomet has brought trust to an area in which (unfortunately, justifiably) distrust previously prevailed. Metal buyers now receive tamper-proof proof of storage and can track the price performance of their metals at any time via the Finomet wallet. Intermediaries can also verify exactly when the purchased metals were stored, creating transparency and trust.
Growing community of intermediaries
More and more intermediaries are joining us because they have recognized that a transparent product is easy to broker. New product initiators from Austria and Germany, as well as a bank, have already expressed interest. Many storage companies and a refinery with which we are currently in negotiations are also interested in our technology.
Extending the blockchain to the supply chain
We plan to extend blockchain technology to the entire supply chain as well, to ensure transparency from the mine to the end customer. This will help avoid environmental impacts and problematic working conditions.
You can find our full interview with FinanzBusiness.de in the following videos.
Your Noble Group team