How it Works
From Rare Gemstones to a
Regulated Digital Asset
Issued in Norway under the EU MiCA framework, GNRC lets investors hold and trade exposure to these assets with live transparency on backing and value.
Last updated October 2025
EU MiCA–aligned • Independent audits • Secure vaulted custody
Why The Mint
Built for Trust: Transparent, Secure, Scarce
Straight facts investors care about: audited backing, regulated structure, independent custody, finite supply, and live reporting.
Fully reserve-backed
GNRC is backed by a pooled reserve of Greenlandic rubies and sapphires held in independent vaulted custody.
Conservative valuation
Reserves are valued using a conservative methodology verified by independent professionals, with a 5% buffer to maintain coverage above €1 per token.
Independent oversight
Annual third-party audits verify both custody and valuation, providing external confirmation of the reserve.
No new supply
Greenland’s ruby mine is permanently closed, creating a structurally finite supply.
RVB = Reserve Valuation Basis (a conservative reference-price method). Figures are targets / design features, not guarantees.
Transparency
End-to-end provenance and live reporting of reserves and NAV on a public dashboard, supported by third-party attestations.
Security
Independent vaulted custody with strict segregation and documented chain-of-custody for all stones in the reserve.
Scarcity
Supply is structurally finite: the Greenland source mine has ceased operations, supporting long-term scarcity dynamics.
- MiCA-aligned issuance designed for investor protection and transparency.
- Issuer: The Mint AS (Norway). Exchange listing with professional liquidity support.
- Independent custody for physical gemstones in secure vaults with segregation controls.
- Live dashboard publishing reserves, NAV, methodology, and audit materials.
Why It Matters
From Gems to Regulated Digital Ownership
A simple flow: secure the reserves, issue GNRC under a compliant structure, and give investors live transparency over backing and value.
Reserves Secured
Greenlandic rubies & sapphires are sorted, certified, and placed in independent vaulted custody with insurance. Reserves are verified by annual audits.
GNRC Issued
Tokens are minted in Norway by The Mint AS under a MiCA-aligned structure. Each token is fully backed by audited reserves with a designed 5% buffer.
Invest & Track
GNRC trades on regulated exchanges with professional market-making support. Holders monitor reserves, NAV, and audit reports via the live transparency dashboard.
GNRC’s design prioritizes long-term value stability. Trading volume reflects market activity but does not define intrinsic worth. Each valuation update and audit strengthens the reserve coverage ratio, reinforcing GNRC’s role as a secure, transparent store of value.
Our Commitment
Beyond Numbers: The Mint’s Principles
We are not just building a financial product. We are preserving gemstones that formed over billions of years — mined responsibly in Greenland, now safeguarded with transparent systems so their value and story can endure.
Sustainability
No new extraction. Each stone was mined under strict standards in Greenland. Scarcity is protected, not exploited.
Heritage
Every gem carries a billion-year story. Provenance is preserved and documented so its journey remains verifiable for generations.
Integrity
Independent audits, clear disclosures, and compliance-first design. Trust is not claimed — it is demonstrated.
Community
We connect investors, collectors, and makers. By aligning incentives, the ecosystem grows stronger and preserves cultural as well as financial value.
Read about our ESG and sustainability commitments →
The idea is simple: protect what is rare, tell its story openly, and let people participate with confidence.