Diamonds Join the Tokenization Trend in Crypto Industry

According to BlockBeats, as the tokenization of real-world assets (RWA) continues to grow, diamonds have become the latest traditional asset to join the crypto industry's tokenization process. In collaboration with Diamond Standard Commodities and Horizon Kinetics, crypto securities trading platform Oasis Pro has created a token on the Avalanche C-Chain representing shares of the Diamond Standard Fund. This move opens up access to this approximately $1.2 trillion natural resource for investors in a more convenient and tradable fund format. The Diamond Standard Fund is benchmarked against Bloomberg's Diamond Standard Index (DIAMINDX) and aims to provide investment avenues for pension funds and endowment funds while also meeting the requirements of US Individual Retirement Accounts (IRAs). The fund utilizes the ERC-3643 token standard, an open-source smart contract that allows for the issuance, management, and transfer of permissioned tokens for tokenized assets.