Finomet Price Index

The Finomet platform, one of the first function-based applications on a public blockchain, is revolutionizing trading in technology metals, rare earth metals and precious metals. Thanks to the decentralized and automated documentation of all trading segments, processes are mapped in a tamper-proof and transparent manner.

Institutional market participants such as traders and product providers benefit from audit-proof trading and precise, up-to-date data. Based on this real-time data, the Finomet platform generates a price index that offers binding and comprehensible purchase prices (spot prices).

The publication of the price index promotes comprehensive price transparency in metal trading and creates fair conditions for all participants. The Finomet platform thus sets new standards for security and reliability in the commodities market.