CARAT

Diamond Standard Carats

Hedera › SaucerSwap0.0.1958126

Unclaimed: no project team has verified this token on Hedex yet. Logo and details come from SaucerSwap.

Diamond Standard has innovated a way for investors to access the estimated $1.2 trillion diamond market through regulated, exchange-traded diamond commodities, similar to standard gold bars. The Diamond Standard Coin and Bar, each embedded with a standardized set of GIA-graded diamonds, are marked-to-market daily, making them accessible to fund managers. These commodities are unique in that they incorporate wireless encryption chips for authentication and auditing, with their geological details recorded on a public blockchain. Transactions are facilitated using a blockchain token, regulated by the Bermuda Monetary Authority. Diamond Standard's token, CARAT, represents fractional ownership in these physical diamonds. CARAT tokens are based on the DIAMINDX benchmark and can be traded or converted into Diamond Standard commodities, providing a novel way for investment in diamonds. The DIAMINDX benchmark is accessible via Bloomberg Terminal, Refinitiv, and online at https://www.diamondstandard.co/carats. The company is headquartered in New York City with offices in Bermuda and operates the Diamond Standard Exchange for transparent diamond pricing and acquisition. The entire system's transparency, from sourcing to pricing, is audited by Deloitte, ensuring the authenticity and fairness of the diamond commodities offered.