Oasis Pro launches tokenized diamond fund on Avalanche C-Chain.

ChainCatcher news, according to CoinDesk, as the trend of tokenizing real-world assets (RWA) continues to grow, diamonds have become the latest traditional asset to join the cryptocurrency industry's tokenization efforts. Through a partnership with Diamond Standard Commodities and Horizon Kinetics, the crypto securities trading platform Oasis Pro has created a token on the Avalanche C-Chain representing shares of the Diamond Standard Fund, making this "approximately $1.2 trillion in natural resources" accessible to investors in a more convenient and tradable fund format.

The Diamond Standard Fund is benchmarked against Bloomberg's Diamond Standard Index (DIAMINDX) and aims to provide investment avenues for pension funds and endowments, while also complying with the requirements of U.S. Individual Retirement Accounts (IRA). The fund utilizes the ERC-3643 token standard, which is a set of open-source smart contracts that allows for the issuance, management, and transfer of permissioned tokens for tokenized assets.