Why Nickel

Nickel is vital industrial metal with unique properties.
A Nickel Stablecoin is seen as an efficient way to access nickel’s value without the challenges of derivative market
Key component of stainless steel, electronics, and batteries
Demand boosted by electric vehicle industry
Challenges in mining: environmental impact, geopolitical concerns
Focus on sustainable practices and alternative battery technologies
Future linked with clean energy technologies and responsible mining practices
Nickel ETFs offer investors exposure to nickel by tracking the Nickel Backed Index.
ETFs are Exchange Traded Commodities that can be created and redeemed on demand by Authorized Participants.

They trade on exchanges like equities and operate similarly to Exchange Traded Funds.
ETCs are usually backed by contracts with counterparties whose obligations are collateralised and marked to market daily.

The collateral is held in pledge accounts at high street banks, providing indirect access to nickel’s performance.
LME derivatives for nickel trade on the London Metal Exchange, but issues can arise from false warehousing.