This initiative significantly advances the tokenization of real assets into digital tokens on the blockchain.
Tokenizing real-world assets is a growing cryptocurrency trend, drawing global financial interest. Let’s discover more about this important development on Avalanche.
Diamonds Shine in Tokenization Trend
The new Diamond Standard Fund-backed token is now traded on the regulated Oasis Pro Markets. This setup boosts diamond investment liquidity and opens up the $1.2 trillion resource to more investors. The fund qualifies for IRAs and welcomes institutional investors like pension funds and endowments. The Diamond Standard CEO emphasized the fund’s convenience and traceability, making a once-elusive asset class more accessible.
Combining an under-utilized asset class with the enhanced accessibility and liquidity provided by tokenization, Oasis Pro @DiamondStandard @avax and @HorizonKinetics are powering the future of finance.
The Diamond Standard Fund has been tokenized by Oasis Pro and listed on Oasis… pic.twitter.com/a4njqDssXr
— Oasis Pro (@Oasis_Pro_) March 27, 2024
Diamonds, known for their allure and inherent value, are the latest asset to undergo the tokenization process. This highlights the crypto industry’s push to integrate traditional assets into the blockchain, broadening cryptocurrency investment appeal. Oasis Pro’s Diamond Fund token on Avalanche C-Chain is a key milestone in asset blockchain integration. The fund, by Diamond Standard and Horizon Kinetics, introduced Wednesday, signals a new diamond investment era.
More about Tokenized Diamonds
Using Avalanche C-Chain for tokenization is notable for its efficiency and low cost, ideal for managing tokenized assets. This technological foundation ensures that the diamond-backed token can be traded efficiently and securely, offering a seamless experience for investors.
The Diamond Standard Fund and @HorizonKinetics are excited to announce our new partnership with @Oasis_Pro_ and @avax, unlocking diamonds as an investable asset class.
The collaboration has created an easy and seamless platform to widen the scope of investor access.
Read the… pic.twitter.com/SWYOUaA5MT
— Diamond Standard Co. (@DiamondStandard) March 27, 2024
Launching the Diamond Fund on regulated Oasis Pro Markets tackles security and compliance in tokenization. Meeting strict regulations boosts investor confidence and integrates tokenized assets into mainstream finance.
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