Institutional investors now have access to the gemstone market through a new tokenized product backed by real emeralds, thanks to a partnership between fintech firm GEMx and digital asset custodian Zodia Custody. The EmGemX platform offers fractional ownership in a portfolio of high-quality emeralds stored securely and independently appraised. GEMx claims an average annual appreciation of 9% for its delivered emeralds.
Zodia, backed by Standard Chartered and Japan’s SBI Holdings, will provide regulated custody services for the tokenized assets, ensuring compliance with the UK’s Financial Conduct Authority standards. This is a significant step forward in bringing institutional trust and stability to the gemstone market.