STEEL
SteelCoin
SteelCoin
STEEL
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About SteelCoin
SteelCoin (SC) is a pioneering ERC20 security token that bridges the steel industry with blockchain technology, offering a regulated investment opportunity tied to the value of steel products. Developed in Austria in partnership with Frankstahl, SteelCoin provides investors access to a tangible asset class and flexibility in token usage through its platform.
SteelCoin (SC) is a regulated security token implemented as an ERC20 token on the Ethereum blockchain. It was launched in Austria in 2022 under the EU Prospectus Regulation and is the first security token to represent the value of steel, offering an innovative way to invest in the steel market. SteelCoin is tied to the performance of selected steel products, allowing investors to track steel price developments via the Finished Steel Value (FSV), which represents the average purchase price of these products. SteelCoin works closely with Frankstahl, a leading European steel trading company.
SteelCoin provides investors with a new asset class, enabling them to participate in the price development of steel products. The tokens can be redeemed for specific steel products or converted back into currency through the SteelCoin platform. They also offer the flexibility to transfer tokens to any ERC20-compatible wallet. Through partnerships, such as with the Bitpanda platform, SteelCoin aims to make investing in steel more accessible.
SteelCoin was developed by a team led by Marcel Javor, the owner of Frankstahl. Frankstahl, founded in 1880 in Vienna, is one of Austria's largest independent steel trading companies. Javor’s experience in the steel market and passion for the material inspired the creation of SteelCoin. The project leverages Frankstahl’s longstanding expertise and infrastructure to introduce steel as a digital investment asset.
Although 'SC' was the ticker assigned at the deployment of the SteelCoin Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'STEEL' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.
