A New York-based technology company is attempting to succeed where several firms have failed and make the $1.2tn global market for diamonds more accessible to financial investors, through the creation of a futures contract and a fund tracking the price.
Bermuda’s fintech sector is small but thriving under the watchful gaze of the island’s financial regulator, according to industry professionals. The Royal Gazette spoke with many of the 16 compani.
Diamond Standard hopes their product, a diamond coin and bar, and its use of ETFs and blockchain will help stabilize and democratize the diamond market.