The specialist magazine BTC-Echo reports on digital fund allocation control

Digital fund allocation control has made it into the online crypto specialist magazine BTC-Echo! This shows how the Finomet platform we use is increasingly becoming the security standard for an entire industry.

The report clearly illustrates how there have repeatedly been data gaps in the commodities trading sector and where these led. The radical transparency of decentralized mapping of the entire commodities business via a public blockchain finally puts an end to this. Or as Finomet CEO Andreas Kroll, quoted by BTC-Echo, puts it himself: “Trust is replaced by proof.”

Finomet recently gained another partner with the storage specialist Metlock. The company will provide storage space as needed, specifically reserved for commodities minted (i.e., documented) on the blockchain. In addition to the security provided by concrete walls up to two meters thick, digital fund allocation control ensures that customers’ money is used in their interest. In addition to technology metals and rare earths, precious metals such as silver, gold, platinum, and palladium now also enjoy the protection of blockchain technology.

The business with technology metals and rare earths is booming. A more than 10-page report recently appeared in Spiegel about how European countries are sparing neither cost nor effort to become independent from China. More and more governments are recognizing, in light of China’s politically deployed commodity power, that protectionism is unavoidable. And the EU mandates that at least part of production-critical commodities such as gallium must come from domestic production.

When it comes to the origin of commodities, “green” takes precedence over “cheap.” Supply chains are becoming a selling point, as companies above a certain size will have to prove in the future that the extraction of their commodities does not violate environmental regulations and human rights. The Finomet platform offers the ideal entry into this new form of commodities trading, not least because it allows precise traceability of the origin of purchased metals.

Technology metals and rare earths are already the most promising product on the investment market. They promise protection against inflation, protection in light of the political tensions between China and Taiwan, and protection against price jumps on the stock exchange.
Furthermore, their prices are highly likely to rise, offering the prospect of attractive, tax-exempt returns.