Diamond Standard, which is licensed in Bermuda to issue, sell and redeem tokens and digital assets, provides both retail and institutional investors with a diamond-backed digital currency. The physical coins, which are stored in a vault, hold eight to nine standardized diamonds. The diamond-embedded tokens are digitized through an Ethereum-based digital coin, bitcarbon, which is tradable on different exchanges.
Source: https://www.coindesk.com/business/2022/09/14/blockchain-startup-diamond-standard-raises-30m-to-fund-expansion/?utm_medium=referral&utm_source=rss&utm_campaign=headlines