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Swiss commodity fund launches its own crypto currency

The Swiss raw material fund Tiberius Group plans to become one of several traditional financial companies to try its hand at Crypto Currency.

Tiberius Group seems to be trying to avoid the extreme volatility associated with many crypto currencies, using commodities so stable that they are sometimes used to hedge against inflation. Tiberius Group plans to distribute several versions of coins when starting based on the use of metals.

The first coin will contain rare metals, such as palladium, platinum and gold. The other will contain copper, tin and zinc, which are very common in industrial production. The third type will be made of aluminum, nickel and cobalt.

Like most traditional products, the metals underlying the assets will be stored in warehouses and refineries around the world. The fund’s actions are part of a growing trend to use crypto currency as a marketing and advertising tool, as Kodak previously did.

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Swiss commodity fund launches its own crypto currency


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