Mining company Intex Resources intends to issue cryptocurrency certificates backed by its nickel reserves - currently consisting of iron and nickel ores - through an ICO . These tokens will be exchangeable for the physical currency , and are targeted at investors who exploit iron ore or nickel exposure , or those looking for exposure to digital tokens with the security of their nickel assets . Chairman Lars Beitnes said the company believed the certificates would be the " first of many to come " from other companies in Norway and abroad .
Mining company Intex Resources plans to issue cryptocurrency tokens backed by its metal reserves - currently consisting of iron and nickel ores - through an ICO. These tokens will be exchangeable for the physical product, and are targeted at investors who want iron ore or nickel exposure, or those looking for exposure to digital tokens with the security of underlying value assets. Chairman Lars Beitnes said the company believed the ICO would be the "first of many to come" from other companies in Norway and abroad.