STOCKHOLM/LONDON, 9 June 2026 – Nordheim Capital, a Swedish asset manager, announced on 4 June its entry into the Exchange Traded Commodities (“ETC”) market with the launch of two physically backed ETCs at Nasdaq Stockholm. The Nordheim Guld ETC and Nordheim Silver ETC are SEK-denominated products fully backed by physical gold and silver respectively, providing Nordic retail and institutional investors with direct, exchange-listed exposure to precious metals.
Nordheim Guld ETC
• Physically backed by LBMA-certified gold
• SEK-denominated
• ISIN: SE0028798900
• Listed on Nasdaq Stockholm
Nordheim Silver ETC
• Physically backed by LBMA-certified silver
• SEK-denominated
• ISIN: SE0028798918
• Listed on Nasdaq Stockholm
The products are underpinned by an established Swedish operational infrastructure. Svalner Atlas serves as fund administrator, J.P. Morgan Chase Bank N.A., London as custodian, while Ultumus provides its ETF OMS platform to support the creation and redemption process – ensuring precise, efficient ETC operations from day one.
The partnership reflects a considered all-Swedish ecosystem approach, combining Nordheim Capital's product ambition with the specialist capabilities of two established names in Nordic fund operations and global ETC data infrastructure.
“Launching physically backed precious metals ETCs with institutional standards requires reliable partners and robust infrastructure. Ultumus delivered both. Their excellent support throughout our launch has been of high value in bringing Nordheim Guld ETC and Nordheim Silver ETC to market."
Michele Gasparetti, CEO, Nordheim Capital
“We are delighted to support Nordheim Capital’s entry into the ETC market through the ETF OMS platform. Nordheim’s launch is a strong example of how a new issuer can bring a well-structured, operationally robust product to market efficiently. We look forward to supporting their growth as they expand their product range over the coming months.”
Bernie Thurston, CEO, Ultumus
The gold and silver ETCs represent the first phase of Nordheim Capital’s product strategy. The firm has confirmed plans to launch additional ETCs, broadening its range of ETCs to the Nordic investor community.
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Nordheim Capital is the first Nordic issuer of physically backed precious metals Exchange Traded Commodities (ETCs) listed on Nasdaq Stockholm and traded in SEK. The company's products provide exposure to LBMA-certified precious metals, with custody provided by J.P. Morgan Chase Bank N.A., London.
Nordheim Capital AB (publ) is a Swedish public company headquartered in Stockholm. The company focuses on combining institutional-grade standards with local market accessibility for Nordic investors through physically backed precious metals ETCs. Its products are designed to provide transparent and efficient exposure to precious metals through securities listed on Nasdaq Stockholm.
For more information, please visit Nordheim Capital.
Ultumus is a leading provider of ETF and index data, calculation, and workflow solutions.
Owned by SIX Group, which operates the SIX Swiss Exchange and BME Exchange in Spain, Ultumus delivers essential infrastructure to the global ETF ecosystem. Since launching in 2016, Ultumus has built technology-enabled solutions that capture, normalise, enrich, and distribute data daily for over 14,000 ETFs and 3 million indices. Trusted by asset managers, issuers, and authorised participants worldwide, Ultumus is headquartered in London with offices in Singapore and Hawaii. For more information, contact us here.