OMO Group, a crypto investment platform located in Southeast Asia, has announced the debut of Diamond System, a codeless, modular vault protocol. Its goal is to create a decentralised ecosystem where traders from the traditional financial industry may collaborate with crypto natives.
Unnamed funds were invested by Tokocrypto, IVC, and Perpetual Protocol.
OMO Group also owns Coinomo (a mobile app for retail investors) and OMO Finance, in addition to Diamond Protocol (wealth management account service for high-net-worth individuals and institutional investors).
Evie Zhang, CEO of OMO Group, explained, “Through Diamond Protocol, we want to build modular derivative hedging vaults so that other traders can use our protocol and build their strategies on-chain to earn yields for themselves and other on-chain users without the need to write any line of code. Our traders in OMO Finance, on the other hand, will provide some initial trading strategies to get the ball rolling and once the investment vaults stabilise and have enough history of sustainable returns to show for it, we will offer them to our Coinomo customers too. This way, we are building a cycle that can spin on its own and morph into a self-driven, ever-growing organism.”
