On March 27, 2024, Oasis Pro announced the launch of a diamond-backed token on Avalanche’s C-Chain network. The asset mirrors shares in the Diamond Standard Fund, created by Diamond Standard Commodities in partnership with Horizon Kinetics.
The initiative aims to open the diamond market—traditionally considered illiquid and difficult to access—to a wider range of investors by leveraging blockchain technology.
According to Cormac Kinney, CEO of Diamond Standard, the fund-backed token is designed to democratize entry into a commodities sector valued at more than $1.2 trillion:
“Diamonds have long been underrepresented in global commodities markets. This product lowers barriers and allows everyday investors to participate.”
The token is built on the ERC-3643 standard, an open-source framework tailored for regulated digital assets. While CoinDesk notes that a token labeled DIAMOND is already trading on Avalanche, it remains unclear whether it is directly linked to the newly launched product.
John Wu, President of Ava Labs, also confirmed the rollout, highlighting the collaboration between blockchain infrastructure and traditional commodities.
Industry analysts emphasize that tokenization of real-world assets—from gold to real estate, and now diamonds—is emerging as one of the most important global trends in both commodities and financial markets.
