The Global Palladium Fund (GPF) has issued the world’s only physically-backed carbon-neutral nickel Exchange Traded Commodity (ETC). Targeting institutional investors, it has a Total Expense Ratio of 0.75%. The minimum investment is USD 100,000 and daily valuations are available on the Vienna Stock Exchange.
The launch of carbon-neutral nickel ETC, joins the GPF’s portfolio of six physically-backed, low-cost metal GPF’s metal-backed ETCs, which also include gold, silver, platinum and palladium, are now listed on Xetra. The ETCs are also available on LSE, Xtra, SIX and Borsa Italiana.
To strengthen ETC investor security, GPF uses IBM’s Hyperledger Blockchain in the custody chain of the metal. This is in addition to the traditional processes used by the custodian, enhancing the transparency and accountability of the issuer. By recording bar and cathode information on the blockchain, it provides clear ownership and an immutable custody chain for investors using the ETCs. GPF is a subsidiary of MMC Norilsk Nickel which is headed by Vladimir Potanin.