The Diamond Standard Fund, supported by Diamond Standard and Horizon Kinetics, has been tokenized by Oasis Pro and listed on Oasis Pro Market’s SEC-registered ATS, via the Avalanche C-Chain.
The Fund provides investors access “to an approximately $1.2T natural resource through an asset-backed coin licensed by Diamond Standard Commodities.”
The coin offers access to diamonds “as an asset class for sophisticated investors like Pension Funds and Endowments, which historically couldn’t hold commodities directly.”
The Fund is benchmarked to “the Diamond Standard Index, DIAMINDX. Additionally, it utilizes the world’s first fully transparent diamond exchange platform.”
On average, investors “own 32% of the gold market, 19% of the silver market, and 17% of the platinum market. Only 1% of the diamond market is investor-owned, largely due to a lack of standardization and subjectivity in valuation. Diamond Standard has worked to address these issues with their Avalanche-supported, patent-protected technology.”
Cormac Kinney, Founder & CEO of Diamond Standard, said:
“For the first time in history, Diamond Standard and Oasis Pro are making an approximately $1.2 trillion natural resource accessible to investors via a more convenient, tradable fund. Our commodities are made possible by the blockchain, and this digital security continues that transparency and efficiency.”
This partnership between industry stalwarts “creates potential benefits for investors and issuers, including enhanced accessibility, liquidity, and transparency through a combination of blockchain and real world asset (RWA) tokenization.”
Importantly, the tokenized fund structure “makes the investment IRA-eligible, meaning people can invest pre-tax dollars. It also provides a vehicle that investors already know.”
The Fund has “employed NAV Fund Administration Group as the fund administrator, as well as Tokeny’s ERC3643 token standard – one of the first-ever standards tailored for compliant tokenization to earn ‘final’ approval from the Ethereum community.”
Pat LaVecchia, Founder & CEO of Oasis Pro, said:
“The launch and tokenization of the Diamond Standard Fund on our platform marks yet another step forward in the evolution of capital markets. We are excited to power the integration of RWA tokenization into the Fund with our end-to-end solution, democratizing the investment.”
As covered, Avalanche is a smart contracts platform that “scales infinitely and regularly finalizes transactions in less than one second.”
Its consensus protocol, Subnet infrastructure, and HyperSDK toolkit “enable Web3 developers to easily launch powerful, custom blockchain solutions.”