Zodia Custody and GEMx Launch Institutional-Grade Gemstone Tokenized Investment Product​

According to FinanceFeeds, institutional investors can enter the gemstone market through the tokenized product EmGemX, backed by physical emeralds. The product is jointly launched by the Swiss fintech company GEMx and the compliant custodian Zodia Custody, supported by Standard Chartered Bank and Japan's SBI Holdings, offering fractional ownership of a high-quality emerald portfolio stored in secure vaults and independently authenticated. According to GEMx data, the related emerald assets appreciate by approximately 9% annually. Zodia Custody will provide asset custody services regulated by the UK Financial Conduct Authority (FCA). GEMx CEO Paul Poltner called this a "significant milestone in bringing institutional-level trust to the gemstone investment market". The EmGemX token is one-to-one anchored with the underlying gemstones, with ownership and transaction records stored on-chain. This collaboration follows the trend of financial institutions exploring real-world asset tokenization, aiming to enhance transparency and accessibility in illiquid markets through blockchain technology. Zodia Custody has recently also partnered with tokenization platform Securitize to provide compliant custody solutions for tokenized assets such as BlackRock's USD Institutional Digital Liquidity Fund (BUIDL).