TechFinancials hails commencement of blockchain diamond exchange
Source - SMW
Fintech software provider TechFinancials said a blockchain diamond exchange in which it is invested had gone live, allowing investors to trade diamonds as a financial asset class.
The Cedex exchange, which has only been launched in Beta mode so far, is owned by Cedex Holdings, of which TechFinancials has a 2% interest with an option to acquire a further 90%.
'We are delighted to have played a pivotal part in the launch of the first blockchain-based diamond exchange in the world,' chief executive Asaf Lahav said.
'This milestone achievement is testament to the innovative capabilities of both Cedex and TechFinancials to build a new, ground breaking platform and we look forward to updating the market on its progress in due course.'
At 1:21pm: (LON:TECH) TechFinancials Inc share price was +1.25p at 7.75p