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Diamond Standard

Last updated: Nov 20, 2022

Diamond Standard is a regulator-approved fungible commodity for natural resource, with a built-in wireless chip for electronic trading. The commodity is physical and transacted digitally using an integrated blockchain token.

Series A Round $30 Million

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Overview

Project industry	Real Assets
Product type	Organization
Founded	United States
Whitepaper	Open

What is Diamond Standard

Diamond Standard Ltd. is a Digital Assets Business licensed by the Bermuda Monetary Authority to issue, sell and redeem tokens and digital assets. License number 53943.

The Diamond Standard offerings are a perfect fit for the contrarian, innovation, value and inflation protection goals of Horizon Kinetics and like-minded investors.

Founded by Cormac Kinney in 2018 in New York, Diamond Standard aims to change that by making Ethereum-based tokens that are backed by physical diamonds. These are standardised and tradeable on several exchanges.

Diamond Standard is licensed to issue, sell and redeem tokens and digital assets. It provides both retail and institutional investors with a diamond-backed digital currency. The physical coins stored in a vault can hold eight to nine standardised diamonds. The diamond-embedded tokens are digitised through an Ethereum-based digital coin, bitcarbon, which is tradeable on different exchanges.