The natural gema leading figure in the gemstone trade, has chosen the eCredits Blockchain to symbolize his royal portfolio of €5 million.
This development takes place in collaboration with The People’s SCE, a decentralized administrative organization (DGO) that facilitates applications on the eCredits Blockchain.
The initiative introduces the Habsburg Gemstone Token, in collaboration with Habsburg Fine Arts.
This token is fully backed by real, untreated colored gemstones and will be accessible through the eCredits Wallet, the company said in a press release shared with Benzinga.
The integration of gemstones with blockchain technology is expected to be a topic of discussion at Benzinga’s Future of Digital Assets conference on November 14, where industry leaders will explore the convergence of traditional assets with modern digital platforms.
Sandor Habsburg-Lothringenthe director of Habsburg Fine Arts, emphasized the importance of this integration, noting: “By merging the world’s oldest tangible asset with one of the most modern investment vehicles, we are bringing the gemstone onto the blockchain and into the 21st century, creating a portfolio creates diversification with assured, continued transparency and flexibility.”
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The Royal Portfolio of The Natural Gem features beautiful pieces including emerald necklaces worth €274,000, ruby necklaces worth €815,000, and a Kashmir sapphire worth €1 million.
The wallet also contains a range of other valuable gemstones.
The Royal Portfolio is regularly assessed by legal experts.
As its value increases, the selling price in EUR increases, while the price of the Habsburg Gemstone Token (GEM) remains stable.
Bernhard BlahaCEO of The People’s SCE, expressed optimism about the partnership, saying: “Through the power of blockchain technology and the eCredits ecosystem, we aim to democratize gemstone investing and make this lucrative market accessible to every investor, regardless of their wealth.”
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