Diamond Standard, a diamond tokenization company, has completed a $30 million Series A funding round, led by Horizon Kinetics and others

Chain Catcher news, blockchain startup Diamond Standard announced the completion of a $30 million Series A funding round, led by Left Lane and Horizon Kinetics. Diamond Standard is tokenizing diamonds to create a new investable asset class.

The company believes that the diamond industry has historically struggled to attract investors, primarily due to the lack of a unified system to standardize its value. Diamond Standard aims to change this by creating Ethereum-based tokens backed by physical diamonds. (Source link)