CEDEX

Company Overview

Snapshot

Founded in January 2017 by Ronen Priewer, CEDEX operated with 11–50 employees. The company developed a blockchain-based platform for diamond trading, securing $50 million worth of diamonds for an Exchange-Traded Fund (ETF) by March 2019.

Business overview

CEDEX developed a blockchain-based global diamond commodity exchange designed to bridge the gap between the traditional diamond industry and financial markets. Its core technology included a machine learning algorithm, DEX, which rated diamond asking prices by analyzing gemological composition, market financial indices, and global inventory. The platform allowed users to invest in individual diamonds, share high-value stones, and invest in diamond baskets (ETFs), serving the Fintech & Insurtech sector.

Strategic signal

In March 2019, CEDEX secured $50 million worth of diamonds for an Exchange-Traded Fund (ETF). This development signaled the company's progress in integrating physical diamond assets into a financial product, demonstrating a tangible step towards its goal of creating a liquid and transparent market for diamond investments using blockchain technology.

Company Intelligence Q&A

What is CEDEX's primary business?

CEDEX operates a blockchain-based global diamond commodity exchange that connects the traditional diamond industry with financial markets, enabling investment in diamonds.

When was CEDEX founded and by whom?

CEDEX was founded in January 2017 by Ronen Priewer.

What significant asset milestone did CEDEX achieve?

In March 2019, CEDEX secured $50 million worth of diamonds for an Exchange-Traded Fund (ETF).

What is the DEX technology used by CEDEX?

The DEX is CEDEX's machine learning algorithm that rates a diamond's asking price by analyzing its gemological composition, diamond market financial indices, and global inventory.

What was the operational status of CEDEX?

CEDEX ceased to operate in October 2022.