Diamond Standard is the producer of an exchange-traded, regulated diamond commodity.[1][2][3] Equivalent to a standard gold bar for the diamond market, the diamond coin and bar enables investors to access an estimated $1.2 trillion asset class.[4] Futures contracts are in development by CFTC-licensees,[1] and an investment trust launched in 2022.[5][4]
The commodity makes diamonds accessible to fund managers because the commodity is marked-to-market daily.[4] While the commodity is held by custodians, the asset is traded using a regulator-licensed blockchain token.[4] The diamond coin and bar contain an embedded wireless encryption chip.[1] The chip provides auditing and authentication and stores the blockchain token, which can be transacted electronically.[1]
The Diamond Standard Coin offerings are regulated by the Bermuda Monetary Authority and audited by Deloitte.[1][6] Diamond Standard and the Bitcarbon token are among the first services to launch under Bermuda's recently enacted Digital Asset Business Act.[8] To supply the commodity, the company also formed the Diamond Standard Exchange. All diamonds contained in the commodity are priced and acquired via transparent bidding on this exchange.[9][10]