Blockchain trading platform CEDEX to list diamonds worth $50M, plans diamond ETF

posted 7 months ago
Blockchain-based trading platform CEDEX says it has a supply of more than 6,000 diamonds for its launch of a diamond ETF. CEDEX said the diamonds will provide traders with a variety of investment options prior to the launch of the ETF, which is currently in development. The supply comes from diamond holders registering their stock on the exchange for trading.

CEDEX claims to have used blockchain tech and a proprietary algorithm to overcome hurdles such as lack of transparency, liquidity and fungibility. CEDEX said its mission is to turn diamonds into a tradeable asset class.
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