Share this article
Blockchain Exchange Secures $50 Million in Diamonds for ETF Launch
Blockchain-based trading platform CEDEX says it now has a trader inventory of 6,000 diamonds as it moves towards launching a diamond ETF.
Updated Sep 13, 2021, 9:01 a.m. Published Mar 28, 2019, 10:00 a.m.
Blockchain-based trading platform CEDEX says it has now secured a supply of more than 6,000 diamonds ahead of its launch of a diamond exchange-traded fund (ETF).
Announcing the news on Wednesday, CEDEX said that the diamonds – worth over $50 million – will provide traders with a variety of investment options prior to the launch of the ETF, which is currently in development. The supply comes from diamond holders registering their stock on the exchange for trading, the firm told CoinDesk.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
CEDEX claims to have used blockchain tech and a proprietary algorithm to overcome several hurdles that previously prevented diamonds from becoming a tradable asset class like gold: lack of transparency, liquidity and fungibility.
CEDEX said its mission is to turn diamonds into a tradeable asset class, and it aims to enable customers to trade on its inventory and generate liquidity in the market.
The exchange – which launched in beta in November 2018 – will use tokens to allow customers to trade in diamonds of different sizes and values with “low” carrying cost, according to the announcement.
The platform has its own ERC-20 token too, CEDEX Coin, which CEDEX says on its website is compliant and can be used for trading and investment on the exchange. Its "DEX" algorithm gauges the value of diamonds based on their characteristics and shows sellers a DEX score and estimated market price, according to the firm's website.
CEDEX co-founder and CEO, Saar Levi, said:
“The vast inventory available combined with CEDEX unique technology opens up for traditional and digital markets the opportunity to develop financial instruments that will initially create the liquidity needed to jump-start our vision – transforming diamonds into a new asset class.”
“Bridging the gap between existing financial markets and the diamond industry will fuel this untapped market from a $90 billion industry to an estimated $300-$400 billion,” Levi added.
The firm added that it's currently in talks with commodity brokers, exchanges, banks and ETF issuers in order to offer them a software solution that will allow integration of its ETF products onto their trading platforms.
CEDEX said it raised $20 million in March 2018 to develop its platform.
Diamonds image via Shutterstock
Plus pour vous
Ce qu'il:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Plus pour vous
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
Ce qu'il:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
