Blockchain Startup Diamond Standard Raises $30M to Fund Expansion

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 tradeable on different exchanges.

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