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COMPANY NEWS | 13.09.2023

No commodity investment without digital fund utilization control!

Artikel in Exxec-News über die Finomet als digitale Mittelverwendungskontrolle bei metallischen Anlageprodukten

Finomet combines metallic commodities and digital solutions into a modern and future-proof investment product.

Financial market analyst and commodity specialist Andreas Kroll knows the market for technology metals, rare earths, and precious metals like hardly anyone else. In the online newspaper Exxec-News, read by executives and leading figures in the capital investment industry, he explains how the fintech company Finomet helps both advisors and tangible asset investors select truly reputable product providers.

Learn more about Finomet

Finomet's Digital Fund Utilization Control as Active Consumer Protection

Companies like Noble BC can offer physical strategic metals as digital, transparent, and tamper-proof investment products because they accept the voluntary self-regulation of the Finomet platform. This not only enables investment product intermediaries to unreservedly recommend companies connected to Finomet, but also primarily helps customers. This is because digital fund utilization control protects them from fraud. Metal buyers and tangible asset investors no longer have to rely on their gut feeling when choosing a financial service provider or wealth advisor; instead, they gain control. Transparency and security thus guarantee active consumer protection.

Seamless Blockchain Documentation Prevents Double Spending

The Finomet platform documents all steps of a metal transaction on a public blockchain. Its technology ensures transparency, as recorded transactions cannot be altered retroactively, and every trade step is visible to all parties involved. Fraudulent intentions would therefore be immediately apparent. Above all, double spending—the allocation of a specific quantity of a raw material to multiple investors simultaneously—is mathematically no longer possible. The constant reconciliation between ordered and delivered quantities is visible to all parties involved in the trade, who are also in communication with each other. The Finomet platform’s blockchain technology thus elevates the commodity investment segment to a new level in terms of transparency and security.

Only Product Providers Connected to Finomet Stand for Security

Especially in times of uncertainty, commodities like technology metals and rare earths are becoming increasingly attractive as investments. The same applies to precious metals, which can be used to diversify these assets effectively. With its storage certificate, Finomet guarantees that investment products containing such commodities truly deliver the security they promise. All private investors need to do is ensure that commodity traders are certified with the Finomet plus sign. Only such traders genuinely utilize the security of blockchain technology and have the goods appropriately insured. The good news is that the number of such providers is steadily increasing, as more and more traders are leveraging Finomet’s technological capabilities to combine tangible assets and digital elements into a modern and future-proof investment product.

Click here for our pioneering product, Noble Portfolio +finomet, recently nominated by the renowned Cash. magazine for the Financial Advisors Awards 2023 in the category “digital products and investments”:

To Noble Portfolio

EXXECNEWS & INSTITUTIONAL

You can read and download the complete article in the online edition of Exxec-News from 2023-09-11 via the following link:

Read article in EXXEC News

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