Case Study: Diamond Standard Co creates asset-backed diamond tokens with Digital Asset and Daml

Diamond Standard Co cuts smart contract code from 710 lines to 200 with Digital Asset

Diamond Standard Co faced the challenge of creating a new, fungible commodity asset class backed by physical diamonds, which required a secure solution to tokenize the assets while guaranteeing their security and fungibility. They partnered with vendor Digital Asset and used the Daml smart contract language to develop this novel solution.

Digital Asset's Daml enabled the creation of concise and secure smart contracts to manage key workflows like asset registration, token minting, and custody. The solution significantly increased developer productivity, reducing the required lines of code for equivalent smart contracts from 710 to just 200. This resulted in a more efficient development process, clearer business logic, and the ability to deploy the solution across multiple distributed ledgers or even a traditional database.

Diamond Standard Co