What is the Ferro?
The Ferro is an asset-backed digital security complying with the ERC-20 standard. Each Ferro is backed by 1 pound of ferrochrome backed by future extraction of chromite from deposits located in Northern Ontario’s Ring of Fire, a region home to a vast wealth of mineral resources, which are largely untapped and undeveloped.
80% of world ferrochrome production is used to produce stainless steel.
Resource Based investment
Demand for chromite has increased steadily over the past several decades.
Investors will appreciate the social & economic benefits the Ferro offers.
Background of Ferrochrome
Asset-backed Digital Security
Demand for chromite has increased steadily over the past several decades. The primary use of chromite is the production of ferrochrome. 80% of world ferrochrome production is used to produce stainless steel. We anticipate that deposits awaiting development in the Ring of Fire will yield generations of extraction, jobs, and associated economic and social activity for the region.
Economic Improvements in Northern Ontario
Investors of all types seeking long-term security will also appreciate the social and economic benefits the Ferro offers to Northern Ontario’s Indigenous communities, to Canada’s role as a key economic partner on the global stage, and ultimately to investment portfolios.
Ring of Fire
Canadian Resource Market Independence & Development
The Ring of Fire development has a long history and a bright future. Key stakeholders have been developing the project for a number of years. The addition of the Ferrochrome digital investment will establish the Ring of Fire as one of the world’s top resource-based investment opportunities.