Jacques Voorhees

CEO at Icecap
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  • Up until now, a token buyer had only two choices. They could either keep the diamond in tokenized form while the diamond itself remained in an insured vault, so its token could be traded in a frictionless environment; or they could redeem the token and take delivery of the diamond to enjoy as jewelry. But at that point the token is burned, and the diamond is not able to be traded or liquidated as part of an investment portfolio.

    But with this new service, the best of both worlds are possible. Any token owner can now take possession of the diamond immediately and enjoy it as jewelry. Later, a small re-tokenization fee is charged to place the diamond back in the vault facility, and the diamond is represented again via a token which can be traded in a frictionless environment.

    6 February 2021
Employment
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