Blockchain Startup Aims to Open the $1T Diamond Market to More Investors

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Blockchain company DiamondStdCo wants to make investing in diamonds easier by tokenizing the precious gem. Aoyon_A reports

, which is tradable on different exchanges. The company has also established a peer-to-peer marketplace to trade its token directly.that already has more than $100 million in investments, Kinney said. The fund allows investors to invest in both digital assets and commodities without having to navigate regulations, he said.

of nearly $600 million according to CoinMarketCap, is one example. But even agricultural commodities such as soy and corn are being tokenized to provide access to investors and farmers.Digitization of commodities also creates transparency and efficiency for investors, unlocking liquidity for the asset class.

“It also creates new ways for derivatives to be traded, increases liquidity in order to tighten spreads , and creates real-time reporting mechanisms that will allow for greater transparency within the commodities markets,” he added.“Suddenly, changing the ownership of a diamond, in a way that has enormous amounts of documented evidence and will stand up in a legal setting, can happen entirely through simple on-chain transactions,” he said.

“It allows these markets to trade 24/7 rather than being limited to traditional trading hours, which will create even greater opportunity for growth within the space," he said.

 

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DiamondStdCo Aoyon_A Where to buy and lose money?

DiamondStdCo Aoyon_A Yeah.. There were several icos with the same intention in 2017 🤣 never heard again of them 😂

DiamondStdCo Aoyon_A You cant blockchain physical objects, because the blockchain cant know if the phys object is there, has been removed or altered. Just another useless shit.

DiamondStdCo Aoyon_A Let tether run it for unparalleled transparency

DiamondStdCo Aoyon_A Whyy is everyonee silent about thiss?

DiamondStdCo Aoyon_A That's cool.... When Gold?

DiamondStdCo Aoyon_A lcx montymetzger LCX_Highborn LCX_KING

DiamondStdCo Aoyon_A uniswap need to fix this ASAP

DiamondStdCo Aoyon_A 🚀 Thnks a millon.

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