TechFinancials Announces Beta of CEDEX Diamonds Exchange

[kreslik.news]

London-listed financial technology provider TechFinancials (AIM: TECH), has announced the launch of CEDEX. The project where the company has a significant interest, previously announced that it is working on a diamonds exchange based on blockchain technology.

It appears that after several months of development the product is going live, albeit in beta. TechFinancials acquired a 2 percent stake last year with an option to buy another 90 percent. The company has three years to decide whether to exercise the option.

CEDEX is allowing its clients to trade diamonds as a financial asset class. The project raised significant funding even ... (read more)