Metal Tokenization: Norilsk Nickel’s Plans and New Horizons for the Industry
The tokenization of precious ls is seen as one of the most promising tools for transforming the mining industry. This technology makes it possible to convert physical assets into digital tokens on the blockchain, paving the way for greater liquidity, transparency, and investment accessibility.
In this context, blockchain is not just a buzzword but a tool capable of ensuring transparency of operations, security, and immutability of data. Tokenization enables fractional ownership of assets, which in the long run could make investments in ls accessible even to small-scale investors.

Norilsk Nickel’s Plan: Monetizing Reserves Through Tokens
Norilsk Nickel is considering the possibility of monetizing its in-ground l reserves through tokens. This was announced by Anton Berlin, Vice President and Head of Sales and Commerce at the company, during the Eastern Economic Forum, as reported by TASS.
According to him, such a scheme could work on the principle of streaming: raising financing through the issuance of tokens to fund the development of deposits, from which ls would later be extracted. This approach could help lower financial barriers and speed up the development of new deposits.
“Of the ideas we would like to implement, we had theoretical concepts, but we did not reach execution - essentially, it’s monetization of in-ground reserves through tokens. To simplify the de_ _ion, it’s like streaming: through tokens, raising financing that enables the development of a deposit,” said Berlin.
Developing deposits requires significant capital investment and takes a long time. Token-based financing, especially on a non-recourse basis (if the project does not generate income, the investor does not receive payments), was described by Berlin as a “fantastic” solution that could greatly facilitate the development of new assets.
Context: Experience with Tokenized Assets
Norilsk Nickel already has experience with tokenization: several years ago, the company began issuing tokenized assets on the Atomyze platform, launched in 2019 with the support of the Global Palladium Fund and Interros. The company’s first tokens were issued in 2020.
Today, however, the focus is on a new stage — the potential monetization of in-ground reserves, which so far remains at the conceptual level. If the idea is implemented, it could become an additional financing tool and increase the investment attractiveness of the industry.
