Blockchain-enabled diamond exchange Cedex has secured more than 6,000 diamonds worth over $50 million that will be traded on its platform, Finance Magnates reported on March 27.
Per the report, citing a press release from the firm, the supply is meant to ensure that traders have a sufficient variety of options from the launch of its diamond-backed Exchange Traded Fund (ETF), which the company is reportedly developing. The report claims that Cedex’s ETF would be the first of its kind and that it will be ‘generic’ in nature.
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