{"id":9108,"date":"2018-09-29T00:00:00","date_gmt":"2018-09-29T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/09\/29\/the-swiss-firm-tiberius-group-introduces-a-cryptographic-token-backed-by-metals\/"},"modified":"2018-09-29T00:00:00","modified_gmt":"2018-09-29T00:00:00","slug":"the-swiss-firm-tiberius-group-introduces-a-cryptographic-token-backed-by-metals","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/the-swiss-firm-tiberius-group-introduces-a-cryptographic-token-backed-by-metals\/","title":{"rendered":"The Swiss firm Tiberius Group introduces a cryptographic token backed by metals"},"content":{"rendered":"
Tiberius group AG<\/a><\/strong>, a prominent Swiss asset management firm, has joined the enormous 215 billion dollar token market by introducing a physical commodity backed token based on seven metals<\/strong>. The firm revealed its commitment to the tokens launch on the 28th of August, choosing 1 October as the official day for the sale. <\/p>\n With a clear goal of setting itself apart from numerous coins existing without any reference value, the firm aims to develop a comprehensive market around it\u2019s asset in order to have its value level with the basket price of seven metals namely: Gold, Nickel, Aluminum, tin, platinum, copper, and cobalt.<\/strong> With thirteen years of operation under its belt, the investment firm delves into the cryptocurrency space.<\/p>\n Based in Switzerland\u2019s blockchain hub, Zug, the firm\u2019s innovation and research arm known as Tiberius Technology Ventures<\/strong> AG, is spearheading the effort towards the launch. During an interview with Bloomberg, the Chief Executive Officer of the Tiberius Technology Ventures AG arm, Giuseppe Rapallo, said,<\/p>\n \u201cInstead of underlying the digital currency with only one commodity, we have chosen a mix of technology metals, stability metals and electric vehicle metals, this will give the coin diversification, making it more stable and attractive for investors.\u201d<\/em><\/p>\n According to the CEO, Tiberius Token will be issued at $0.7<\/strong> and unlike the typical ICO which is unregulated in nature, the token\u2019s sale will be conducted under Switzerland’s law.<\/p>\n