Diamond Standard offers a regulated, fungible commodity backed by natural diamonds, utilizing patented technology that incorporates a wireless chip for secure electronic trading. This innovation provides individuals and institutions with access to the $1.2 trillion diamond market, enabling them to invest in a previously inaccessible asset class while mitigating risks associated with inflation.
Funding
$31M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
HKLLFounders
Product
Problem
The $1.2 trillion diamond market has historically been inaccessible to individual and institutional investors as a standardized, liquid asset class. Traditional diamond investments lack transparency, standardization, and ease of trading, hindering diversification and risk mitigation.
Solution
Diamond Standard offers a regulated, fungible commodity backed by natural diamonds, bridging the gap between the physical and digital worlds. Utilizing patented technology, each Diamond Standard commodity incorporates a wireless chip and blockchain enrollment for secure electronic trading and remote authentication. This innovation provides individuals and institutions with access to diamond investments starting from $25, enabling portfolio diversification and a hedge against inflation. Investors can choose from various product offerings, including tradable diamond commodities (Coins and Bars), digital commodity tokens (Carats), and a Diamond Standard Fund.
Target Audience
Diamond Standard targets individual investors seeking to diversify their portfolios with alternative assets, as well as institutional investors looking for a regulated and transparent way to access the diamond market.
Features
- Standardized diamond commodities (Coins and Bars) containing an optimized set of natural diamonds with consistent carat weight, color, and clarity
- Diamond Standard Carats, digital commodity tokens issued from physical commodities, redeemable for Diamond Standard commodities
- Wireless NFC encryption chip embedded in each Coin and Bar for authentication and instant transactions
- Blockchain enrollment on Hedera Hashgraph for secure and transparent trading
- Remote authentication tool to verify the authenticity and certifications of each diamond
- Transparent diamond sourcing through the Diamond Standard Exchange (DSE)
- Secondary Spot Market for seamless peer-to-peer trading of digital asset tokens associated with Diamond Standard commodities
- Option for secure vaulting with Brinks or physical delivery for personal holding
- Audited process for diamond procurement and commodity creation