[Hedera’s diamond tokenization opens a new era of investment]
Now that investors can purchase diamonds through advanced technology, demand for gems long considered a symbol of wealth and security often requires specific skills and capital. The global market for standardized diamonds is worth about $1.2 trillion, but currently accounts for only about 1% of the market, despite the expensive and complex diamond trade path.
Diamond Standard opens up new ways for more people to invest in diamonds by standardizing and tokenizing them. The company sources diamonds from a global network of suppliers and uses AI and machine learning technology to grade them, certified by the International Gemological Institute (IGI).
Diamonds are securely stored in tamper-proof containers called Diamond Standard Coins and Bars, each containing diamonds of equal value, ensuring uniformity and fungibility. The container contains a "commodity token" computer chip, making it a bridge between physical and virtual industries, representing diamonds on the blockchain through Hedera's Token Service (HTS).
This innovative tokenization method allows investors to easily trade these tokens on digital asset platforms without actually holding diamonds. Additionally, the Hedera Consensus Service (HCS) ensures that all transactions related to Diamond Commodity Tokens are transparent and immutable, providing additional security and reliability.
This strategy from Diamond Standard is consistent with its commitment to environmental, social and governance (ESG) and reflects Hedera’s commitment to operating a carbon-neutral business model. In the future, the Bitcarbon token launched by Diamond Standard represents partial ownership of its real Coin and Bar, providing real and lasting asset support for stablecoins, making investments more precise and diversified.
Under the conditions of complying with the Bermuda Digital Asset Business Law and the annual inspection of Qinye Trust, Diamond Standard continues to explore new ways to allow investors to interact more directly with the unique qualities of diamonds, aiming to create a simple and transparent investment channel. Increasing demand for this traditional asset class.
