🇨🇭 Swiss firm to offer new token backed by metals

Swiss asset management and commodities firm Tiberius Group AG will begin offering a token backed by metals in October. Tiberius Coin will aim to keep its value tied to a basket of copper, aluminum, nickel, cobalt, tin, gold and platinum. In order to keep the price close to the underlying assets, Tiberius will make a market in the underlying metals. The new coin will be offered at about $0.70 and will be sold under Swiss law and traded on the LATOKEN exchange.

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