Blockchain Startup Carats.io Teams up with Diamond Exchange IDEX
Cryptovest
Published Aug 13, 2018 04:14PM ET
Updated Aug 13, 2018 05:21PM ET
Blockchain Startup Carats.io Teams up with Diamond Exchange IDEX
London-based blockchain project Carats.io and diamond trading platform IDEX have entered into a partnership, under which IDEX will help the startup acquire diamonds to back its CARAT coin.
According to the memorandum of understanding (MoU), the two firms signed last week, IDEX will act as an escrow, or a neutral third party, for the start-up, supporting it with the purchase of diamonds and the process of transporting them from the source to the vault.
The stones will originate from enterprises that operate on the International Diamond Exchange (IDEX), in co...
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