Swiss jewelry and diamond brands are turning to blockchain technology to tokenize diamonds, according to TokenFi. This allows buyers to digitally own, verify, and trade diamonds without needing to possess the physical stone. Previously, buying diamonds involved a complex process with concerns about authenticity and origin. Diamond tokenization connects each diamond to a blockchain-based ledger, ensuring traceability and transparency. Tokenization converts physical assets into digital tokens on blockchains, representing ownership and enabling secure buying and selling. By using blockchain, luxury brands can verify the history of each diamond, reducing the risks of misrepresentation and fraud.



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