Icecap

Icecap, LLC, created in January 2020 and which opened for business in August, is the first company to use the ERC721 Non-Fungible Token (NFT) standard to provide a revolutionary way to buy and sell diamonds. By making the tokens tradeable, while the diamond is kept in a secure vault (redeemable at any time), the normal friction for diamond investors is removed, and the buy/sell spreads are reduced to ten percent or less.  Icecap buys diamonds on the wholesale market, creates tokens which each represent a claim on a given diamond, and sells those tokens on the OpenSea marketplace, at or below normal e-tail price levels for comparable stones. www.icecap.diamonds