Regulated crypto exchange LCX has announced the launch of asset-backed NFTs [non-fungible tokens]. LCX has labeled the NFT project as Tiamonds, a service aimed to contractually enforce the bridging of digital and physical assets.
Specifically, Tiamonds is a marketplace for diamonds which allows users to buy and trade NFTs referencing diamonds.
Physical diamonds are said to be securely stored in a vault in Liechtenstein.
Monty Metzger, founder and CEO of LCX, unveiled 100 diamond NFTs to be launched at Tiamonds today (June 6, 2023).
LCX.com (Liechtenstein Cryptoassets Exchange), founded in 2018, and is based in Liechtenstein.