How it Works

Turning Rare Gemstones into Regulated Digital Assets

At The Mint, we combine the scarcity of Greenlandic rubies and sapphires with the transparency of blockchain. Our mission: make rare assets secure, regulated, and accessible to investors and collectors worldwide.
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White Paper v1.0 • Updated Sept 2025 • MiCA-aligned asset

Built for Trust: Transparent, Secure, Scarce

No fluff—just facts. Independent audits, regulated structure, real custody, and a finite resource. Here’s what backs every token and stone.
100% asset-backed Audited reserves
5% buffer Designed to keep reserves > €1/token
Annual audits Independent verification
0 new supply Greenland mine permanently closed

Transparency

Full chain-of-custody from mine to vault. Reserves and NAV reported via a live dashboard and verified by third parties.

Security

Independent vaulted custody and insurance for the physical stones, with strict redemption controls for owners.

Scarcity

The Greenland ruby mine is permanently closed, creating a structurally finite supply that supports long-term value.

MiCA-aligned structure for investor protection and transparency.
Issuer: The Mint AS (Norway) with professional market-making support.
Independent custody & insurance for physical gemstones in secure vaults.
Live transparency dashboard for reserves, NAV, and audit reports.

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.
1

Reserves Secured

Greenlandic rubies & sapphires are sorted, certified, and placed in independent vaulted custody with insurance. Reserves are verified by annual audits.

2

GNRC Issued

Tokens are minted in Norway by The Mint AS, structured to align with MiCA. Each token is fully backed by audited reserves with a designed 5% buffer.

3

Invest & Track

GNRC trades with professional market-making. Holders monitor reserves, NAV, and audit reports through a live transparency dashboard.

For collectors & jewelry buyers, our legacy marketplace of ruby & sapphire NFTs remains available as a complementary path.

The Mint Marketplace (legacy): Each NFT represents a single, vaulted gemstone with full traceability and redemption for the underlying stone.

GNRC vs. The Mint Marketplace

Two ways to participate in the value of scarce Greenlandic gemstones—one built for regulated investing, one for collecting unique stones.
Dimension
GNRC (Coin)
Marketplace (NFT)
Positioning
2025 Core Product
Legacy for Collectors
What You Own
Regulated, reserve-backed token (GNRC)
NFT tied to a specific, vaulted gemstone
Backing
Audited pool of rubies & sapphires + 5% buffer
Single stone (vaulted & insured)
Regulation / Structure
MiCA-aligned issuance in Norway by The Mint AS
Collectible NFT (not the focus of 2025 investment launch)
Liquidity / Venue
Exchange trading with professional market-making
Peer-to-peer/marketplace; liquidity depends on individual demand
Redemption
Not redeemable for individual stones
Redeemable for the underlying gemstone (secure shipping)
Transparency
Live dashboard: reserves, NAV, audit reports
Full traceability: mine → sorting → cutting → vault
Audience / Use Case
Investors seeking regulated, diversified exposure to gemstone scarcity
Collectors & jewelry buyers seeking a specific, unique stone
Risk Profile*
Market risk; reserve & structure aim to reduce idiosyncratic risk
Item-specific pricing risk; depends on stone characteristics & demand
*Informational only — not investment advice. See official materials for complete details.

Questions About GNRC & The Marketplace

Straight answers to the most common topics: structure, reserves, audits, custody, and the legacy NFT marketplace.
Is GNRC a security?
GNRC is structured as a MiCA-aligned reserve-backed digital asset issued in Norway by The Mint AS. It’s designed for transparency and investor protection under EU rules. Always review official materials for legal classification in your jurisdiction.
What backs GNRC?
An audited pool of Greenlandic rubies and sapphires held in independent custody. The design includes a 5% buffer intended to keep total reserves above €1 per token under normal conditions.
How are reserves audited and reported?
Reserves are verified annually by independent auditors. A live transparency view reports reserves, NAV, and audit documents so holders can monitor backing over time.
Where are the gemstones stored?
In independent vaulted custody with insurance. Physical custody is segregated, and documentation supports chain-of-custody from mine → sorting → cutting → vault.
What happens if reserves drop below €1 per token?
The structure includes a 5% buffer designed to keep reserves above €1/token. If adverse conditions occur, transparency reports allow holders to see the status and any issuer actions described in official materials.
How do I track NAV and reserves?
Via the live transparency dashboard that reports reserves, NAV, and audit artifacts. It’s designed so you can verify backing independently over time.
Is the Marketplace still active?
Yes. The Mint Marketplace (legacy) remains available for collectors and jewelry buyers. Each NFT corresponds to a specific, vaulted stone with traceability and redemption.
Can I redeem an NFT for the physical stone?
Yes. Legacy NFTs are redeemable for the underlying gemstone with secure shipping procedures. Terms and fees are defined in the marketplace’s documentation.
Who issues GNRC and where?
GNRC is issued in Norway by The Mint AS. Professional market-making supports trading; regulatory alignment follows EU MiCA principles.
What about ESG and sourcing?
Stones are sourced from Greenland Ruby’s now-closed mine under strict standards. Documentation emphasizes responsible extraction, traceability, and end-to-end verification.

Beyond Numbers: The Mint’s Principles

We’re building more than a product. We’re preserving a finite natural heritage with transparent, responsible systems—so value and integrity can endure together.

Sustainability

Ethical sourcing and no new extraction. We respect environmental limits and treat scarcity as something to protect—not exploit.

Heritage

Each stone carries a billion-year story. Our role is to preserve provenance and make that story verifiable for the future.

Integrity

Independent audits, transparent reporting, and compliance-first design. Trust isn’t claimed here—it’s demonstrated.

Community

We bridge investors, collectors, and makers—aligning incentives so the ecosystem compounds value over time.

The idea is simple: protect something rare, prove it transparently, and let people participate with confidence.