Fully backed digital Icelandic Króna

ISKT is a virtual currency issued by the Icelandic Cryptocurrency Fund and is a stablecoin, pegged to the ISK at a 1:1 ratio. For every electronic króna (ISKT) in circulation, there is one Icelandic króna (ISK) held in the portfolio of the Rafmyntasjóður Íslands.

Certified accountants ensure and verify that the portfolio of the Icelandic Cryptocurrency Fund is sufficient to cover all electronic coins in circulation.

With ISKT, Icelandic users can instantly convert krónur into crypto with minimal fees.

ISKT can be used in liquidity pools on Solana where you can purchase hundreds of cryptocurrencies in one in one place. The easiest way to do this is by using our swap feature.

By purchasing ISKT, swapping it to USDC for example and transferring it yourself to an exchange, such as Binance, Kraken, Coinbase or more, you can save significant amounts that would otherwise go to fees, whether to Icelandic cryptocurrency brokers or credit card companies. You can read more about excactly that transfer here.

ISKT is linked to liquidity pools. Our simple swap interface on mintum.is shows you the most favorable route at any given time and executes the swap with a single click.

Investors can grow their electronic krónur by depositing them into liquidity pools, earning fees from users who exchange between cryptocurrencies.

Users of electronic krónur pay significantly lower fees compared to those typically charged by cryptocurrency brokers and credit card companies.