MatterSphere

About MatterSphere

Diamond Digital AG is a Swiss-based financial technology company constructing MatterSphere, a platform designed to enhance the commodity finance market. Utilizing distributed ledger technology (DLT), the company aims to create a more efficient marketplace by directly connecting institutional capital with industry demand. This approach not only seeks to streamline financing but also to introduce mechanisms for hedging against commodity price volatility and to package this price risk into new financial products.

Established in 2017, the firm initially focused on the diamond industry, launching a product named SwissDiamondCoin™. This venture involved creating a digital currency backed by diamonds on the Ethereum blockchain. In December 2017, the company secured Fr. 20.10M in a venture round from the investor SICTIC. Since its initial product, Diamond Digital AG has been implementing other pilots with partners from the broader commodity sector, signaling an expansion of its operational scope.

The core of Diamond Digital's strategy is the MatterSphere platform, which addresses systemic challenges in commodity trade finance. The sector traditionally contends with complex documentation, operational risks, and a fragmented financing landscape. By leveraging DLT, MatterSphere intends to create a transparent and secure environment for all stakeholders. The business model appears to be centered on providing a platform-based service that facilitates transactions, risk management, and the creation of novel financial instruments for the commodity markets. Clients would likely include commodity traders, producers, financial institutions, and institutional investors seeking exposure to this asset class.