In an exciting revelation at the Cardano Summit. Tiamonds and NMKR made waves by launching the world’s first-ever real-world diamonds tokenized on Cardano blockchain. This groundbreaking event sent shockwaves through the crypto world, and the response was nothing short of phenomenal. Within just 48 hours of the announcement, every single Tiamond had been sold out, underscoring the massive demand for this unique fusion of tradition and technology. This achievement is a testament to the evolving market for RWA (Real World Assets). This is currently a hot topic in the industry. Moreover, it aligns with our belief that asset tokenization will grow to become a market worth at least USD 10 trillion by 2030, which represents a 40-fold increase in the value of tokenized assets from 2022 to 2030. This would mark a significant rise from the current value of around USD 300 billion.
Tiamonds: Real-World Diamonds Tokenized on Cardano
Tiamonds are 1-1 Real-World Assets (RWA) backed by physical diamonds.
They mark the first-ever appearance of RWA assets on the Cardano Blockchain
Diamonds with Dual Functionality
Not only are Tiamonds tradable on Cardano, but they are also redeemable at any time for the actual diamonds they represent, combining the benefits of crypto trading with real-world assets.
NMKR’s Cardano Integration
NMKR played a pivotal role in enabling the seamless integration of Cardano with Tiamonds, enhancing the project’s reach and potential. NMKR simplifies sales and distribution for Tiamonds, reducing the need for complex development skills and enabling exceptional digital asset accessibility.
LCX: Legal Tokenization and Custodianship
LCX, acting as a physical validator, ensures the legal tokenization of these assets in accordance with Liechtenstein Blockchain Laws.
The LCX Certificate guarantees the authenticity and ownership of the underlying real-world diamonds.
Additionally, LCX safeguards the diamonds in a high-security vault in the Swiss Alps.
Lloyds London Insurance
To provide additional security and peace of mind, Lloyds London. It is a prestigious insurance company, offers coverage for the diamonds stored in LCX’s physical vault.
GIA Certified
The Gemological Institute of America (GIA) meticulously classifies real-world diamonds. While their certificates are readily accessible online, ensuring transparency and authenticity.
This remarkable achievement not only represents a significant milestone in the ever-evolving landscape of real-world asset (RWA) tokenization but also symbolizes the harmonious fusion of age-old traditions with cutting-edge digital finance. This collaborative endeavor stands as a testament to the boundless potential of innovation and the transformative force of cooperation in shaping the future of the financial world and investment in real-world diamonds. As we eagerly anticipate the next chapters of this journey, Cardano’s unwavering commitment to pioneering progress assures us that there are even more thrilling developments on the horizon.
