Institutional access to the gemstone market achieved as Zodia Custody takes on custodianship for GEMx's tokenised emeralds, marking a groundbreaking development.
In a groundbreaking move, GEMx AG, a platform offering institutional-grade, fractional ownership of emeralds, has announced a partnership with Zodia Custody, a digital assets platform backed by leading financial institutions. This collaboration aims to address the critical infrastructure needs of banks and real estate institutions for confident participation in the GEMx initiative.
The partnership will see the EmGEMx Token, part of GEMx's USD 2bn emerald Real World Asset (RWA) for the blockchain market, integrated into the digital space. The EmGEMx Token offers a tangible hedge against economic uncertainty due to its secure storage and regular appraisals.
Zodia Custody has been appointed as the digital asset custody partner of GEMx AG. With this role, Zodia Custody ensures secure management of the EmGEMx token. Anoosh Arevshatian, Chief Product Officer at Zodia Custody, expressed support for the practical application of tokenisation for real-world assets.
The emerald portfolio serves as a stable, historically inflation-resistant alternative to traditional real estate investments. Banks and institutional investors can diversify their portfolios with secure, real-world assets through GEMx. The emerald assets secured by the EmGEMx Token are stored in independent vaults and subject to regular, independent appraisals.
Paul Pöltner, CEO and Co-Founder of GEMx AG, stated that partnering with Zodia Custody is a major milestone in their mission to bring institutional trust and stability to the gemstone investment market. He further added that this partnership will provide professional investors with access to this unique asset class in a fully compliant, institutional-grade format.
The EmGEMx Token, through blockchain technology, provides access to emeralds, an asset class with an average annual appreciation of approximately 9% over the past three decades. By leveraging blockchain technology, the EmGEMx Token delivers real-world value through digital innovation that is secure and auditable.
This partnership between Zodia Custody and GEMx AG is an additional step in Zodia Custody's commitment to offering institutional investors secure and compliant access to digital asset opportunities. The EmGEMx Token, as part of GEMx's USD 2bn emerald RWA for the blockchain market, presents a further development in the integration of real-world assets into the digital space.
In conclusion, the partnership between GEMx AG and Zodia Custody marks a significant step forward in the tokenisation of real-world assets and the democratisation of access to unique investment opportunities like high-quality emeralds.
