Oasis Pro platform has issued Diamond Standard tokens on the Avalanche network
The structure of the fund allows pension savings to be invested in it, among other things
![Oasis Pro platform has issued Diamond Standard tokens on the Avalanche network](https://storage.getblock.net/source/1/OAfW3SKYQZsLHQjajP3WYDK8u-3BSwLf.webp)
27.03.2024 - 15:04
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3 min
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What’s new? Cryptocurrency securities trading platform Oasis Pro has tokenized the Diamond Standard Fund using the Avalanche blockchain. The tokens representing a stake in the fund were created in the Avalanche C-Chain, which is one of three blockchains in the ecosystem designed to host smart contracts and utilize a crypto wallet.
What else is known? The issuers of the fund are Diamond Standard Commodities and Horizon Kinetics, and it is tied to the Bloomberg DIAMINDX index. The fund is structured to allow retirement savings to be invested in the fund, including in the United States.
The token on the Avalanche C-Chain is issued using the open-source ERC-3643 standard, which allows for the issuance, management, and transfer of tokenized assets.
Ava Labs president John Wu called the partnership to tokenize diamonds and provide access to them through a fund on Avalanche “a great example of how blockchain can bring transparency and efficiency to an asset class that was previously opaque and inaccessible for institutions.”
HSBC Bank previously launched tokenized gold trading for Hong Kong retail investors, and investment firm BlackRock announced the launch of a tokenized investment fund.
This month, the Avalanche Foundation NPO launched Memecoin Rush, a $1 million rewards program in native tokens AVAX to incentivize liquidity mining. In the first phase, the SteakHut and Trader Joe protocols will incentivize trading and add liquidity strategies for select community tokens such as Coq, NoChill, Tech, and Kimbo.
In January, Ava Labs introduced a solution to increase Avalanche’s throughput to 100 000 transactions per second (TPS).
![Avalanche starts to cooperate with the Chinese payment system Alipay](https://storage.getblock.net/source/1/kI2gsjB1xzruTUdWVtA1jNB0u6o4sUqn.png)
Avalanche starts to cooperate with the Chinese payment system Alipay
The partnership launched a Web 3.0 voucher program
At the time of writing the news, AVAX ranks 11th in the cryptocurrency ranking by market capitalization with a figure of over $20,5 billion and is trading at $54,32, having lost 4,6% overnight. At the same time, the growth since the beginning of the year amounted to 42,2%.
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