Zodia Custody Partners with GEMx to Safeguard Tokenized Emeralds
Zodia Custody, backed by Standard Chartered and SBI, will safeguard tokenized emeralds through a partnership with GEMx, a Swiss fintech focusing on blockchain-based co-ownership of gemstones.
- Access to the gemstone market is provided via the EmGemX token, allowing institutional investors fractional ownership in a portfolio of high-quality emeralds.
- Tokenization of real world assets (RWAs) bridges blockchain and traditional finance.
- Emeralds stored in vaults have averaged annual appreciation of 9% and undergo regular independent appraisals.
GEMx CEO Paul Poltner stated that this partnership enhances institutional trust and stability in gemstone investments, emphasizing the secure and auditable nature of their framework.