The tokenization of real-world assets – or placing traditional assets onto blockchain rails – is a growing trend in crypto with global financial giants entering the space.
The security token backed by the Diamond Standard Fund is listed on the regulated Oasis Pro Markets, eligible for IRAs and available for institutional investors such as pension funds and endowments.
The offering makes the "$1.2 trillion natural resource accessible to investors via a more convenient, tradable fund," the CEO of Diamond Standard said
Tokenizing diamonds and offering exposure through a fund structure on Avalanche is a great example of how blockchain can bring transparency and efficiency to an asset class that was previously opaque and inaccessible for institutions," said John Wu, president of Ava Labs, the ecosystem development organization behind Avalanche..
Web Resource: https://www.coindesk.com/business/2024/03/27/diamonds-arrive-on-a-blockchain-with-new-tokenized-fund-on-avalanche-network/
