The platform was approved in February 2022 to become the country’s first legal digital asset manager. According to the report, both Atomyze and Rosbank are backed by Interros – a Russian investment group co-founded by financier Vladimir Potanin.
Despite being called a ‘palladium token,’ the product has the characteristics of a stablecoin pegged to precious metals. Rosbank can convert them back to cash corresponding to the market value of the palladium.
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