Inside each Diamond Standard commodity is a wireless computer chip providing audit and authentication, and storing a regulator-licensed blockchain token used for trading. When a Diamond Standard commodity is in an approved vault, the token is activated for spot trading and can be used to settle futures contracts.
FrequentlyRead Knowledge Base
The ecosystem of Carats was designed to support our unique approach of bridging the gap between commodities and digital assets. We worked with a series of regulatory and technologically advanced organizations to ensure transparency, and seamless integration.
Technology with Intention
Carats work on the Hedera Network, a decentralized, open-source, proof-of-stake public ledger that utilizes the leaderless hashgraph consensus algorithm.
It is governed by a decentralized council of leading enterprises, universities, and web3 projects from around the world.
Read about its benefits below.
Up to 10,000 transactions per second
Average of 3-5 seconds to confirm
885,000 times less than Bitcoin (0.001 KWH)
Only $0.0001 per transaction
(Bitcoin and Ethereum fees are on average 10,000x higher)
Carats are physically backed by a global reserve of fungible, market-traded, and immediately deliverable Diamond Standard commodities, which feature wireless audit, authentication, and tokenization technology.
If you own Carats, you provably own part of a Diamond Standard Coin or Bar. Learn more by reading our Carats Overview, Tokenomics and White Paper PDFs below.