Exclusive: Diamond Tokenising Startup Carats.io Raises $1.6m Funding

[kreslik.news]

Carats.io, an Israeli blockchain startup working with the diamond industry, has raised $1.6 million in a funding round led by Net Capital Ventures.

Finance Magnates visited the company’s office at the Israel Diamond Exchange to talk about its new product.

Background

The diamond trade is one with a long, twisted history. Diamonds have been considered valuable since at least the fourth century BCE, which is when the first written records of diamonds are found in Indian texts. In more recent times the diamond trade has been a major source of human suffering. The De Beers corporation carefully developed a monopoly during the late ... (read more)