Oasis Pro has launched a diamond-based token
The Oasis Pro platform has launched a diamond-based token on the Avalanche C-Chain network. It reflects the share in the Diamond Standard Fund. The asset is positioned as an easy way to access the diamond market.
The Oasis Pro platform has announced the launch of a diamond-based token on the Avalanche C-Chain network. This is reported by CoinDesk with reference to a press release.
The token is a reflection of the shares of the Diamond Standard Fund exchange-traded fund launched by Diamond Standard Commodities and Horizon Kinetics. The creation of the token was also confirmed by the head of Ava Labs studio, John Wu.
Diamonds on @avax.
— John Wu ? (@John1wu) March 27, 2024
For better transparency and efficiency, and make it accessible for institutions.https://t.co/b9BvZvnOKI
Diamond Standard CEO Cormac Kinney noted that the new product is designed to make the natural resources market with a capitalization of $1.2 trillion more accessible to ordinary investors.
The ticker in the publication's note is not specified. The DIAMOND asset is traded on the Avalanche C-Chain, but whether it is the same token at the time of writing is unknown.
It is known that it was developed on the basis of the ERC-3643 standard. This is an open source solution.
Source: https://incrypted.com/oasis-pro-zapustyla-token-na-baze-bryllyantov/
