DIAM MICA White Paper
In accordance with Title II of Regulation (EU) 2023/1114 (MiCA). Dated : 05-12-2025
Table of content
Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114
This crypto-asset white paper has not been approved by any competent authority in any Member State of the European Union. The person seeking admission to trading of the crypto-asset is solely responsible for the content of this crypto-asset white paper.
Compliance statement in accordance with Article 6(6) of Regulation (EU) 2023/1114
This crypto-asset white paper complies with Title II of Regulation (EU) 2023/1114 and, to the best of the knowledge of the management body, the information presented in the crypto-asset white paper is fair, clear and not misleading and the crypto-asset white paper makes no omission likely to affect its import.
Statement in accordance with Article 6(5), points (a), (b), (c) of Regulation (EU) 2023/1114
The crypto-asset referred to in this white paper may lose its value in part or in full, may not always be transferable and may not be liquid.
Statement in accordance with Article 6(5), point (d) of Regulation (EU) 2023/1114
The utility token referred to in this white paper may not be exchangeable against the good or service promised in the crypto-asset white paper, especially in the case of a failure or discontinuation of the crypto-asset project.
Statement in accordance with Article 6(5), points (e) and (f) of Regulation (EU) 2023/1114
The crypto-asset referred to in this white paper is not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council. The crypto-asset referred to in this white paper is not covered by the deposit guarantee schemes under Directive 2014/49/EU of the European Parliament and of the Council.
Warning in accordance with Article 6(7), second subparagraph of Regulation (EU) 2023/1114
Warning
This summary should be read as an introduction to the crypto-asset white paper. The prospective holder should base any decision to purchase this crypto-asset on the content of the crypto-asset white paper as a whole and not on the summary alone. The admission to trading of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments and any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law. This crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council (36) or any other offer document pursuant to Union or national law.
Characteristics of the crypto-asset
The $DIAM token is the native utility token of the Diamante Network, a layer-1 quantum-proof blockchain designed to combine Web-scale performance and long-term cryptographic resilience using a hybrid consensus mechanism combining Proof-of-History (PoH), Delegated Proof-of-Stake (DPoS) and asynchronous Byzantine Fault Tolerance (aBFT).
The Diamante Network’s native token, $DIAM, serves multiple purposes:
Fees: Used to pay for transaction execution, storage, and computation.
Staking: Validators lock $DIAM to participate in DPoS elections and secure the Diamante Network.
Probability of selection derivation.
In-Network utilities: DeFi activities.
Information about the quality and quantity of goods or services to which the utility tokens give access and restrictions on the transferability
By holding the $DIAM Token, Token holders can interact with the Diamante Network: The $DIAM Token is necessary to cover transaction fees, for staking and for network governance.
The tokens are fully transferable, enabling holders to freely send, receive, and trade $DIAM within the Diamante Network and on supported cryptocurrency exchanges. There are no inherent restrictions on utility use, but token holders must comply with the Diamante Network’s operational rules and any applicable regulatory requirements.
Key information about the offer to the public or admission to trading
Diamante Financial Technologies LLC seeks admission to trading of the $DIAM Token so as to be compliant with MiCA and in keeping with its mission to make trading available for its token holders.
Part I – Information on risks
I.1 Offer-Related Risks
General Risk Factors Associated with Crypto-Asset Offerings
The admission to trading of crypto-assets, including $DIAM, is subject to general risks inherent to the broader cryptocurrency market.
Market Volatility
The value of $DIAM may experience substantial fluctuations driven by investor sentiment, macroeconomic developments, and market conditions.
Regulatory Risks
Changes in legislation, applicable laws, compliance requirements or the implementation of new regulatory frameworks could affect the availability, trading, or use of such assets.
Security Risks
The risk of exploitation, hacking or security vulnerabilities of the underlying protocol and/or contracts of the token leading to a loss.
Reputational Risks
The potential for damage to an organization’s credibility or public trust, which can negatively impact stakeholder confidence and overall business viability.
I.2 Issuer-Related Risks
The Diamante Network faces issuer-related risks. These include operational or financial challenges at the organizational level at the Diamante Financial Technologies LLC, limitations in resources to manage development and maintenance, and potential difficulties in ensuring compliance with evolving legal and regulatory requirements. Any such challenges could affect the network’s stability, functionality, and the ability of token holders to fully utilize $DIAM tokens.
I.3 Crypto-Assets-related Risks
$DIAM tokens carry inherent crypto-asset-related risks, including market volatility, which can affect their value, liquidity, and usability. Token holders are exposed to risks from network disruptions, technical vulnerabilities, and smart contract flaws, which could impact the functionality of the Diamante Network. Additionally, the loss or theft of private keys can result in permanent loss of tokens, and regulatory changes may affect the trading, transfer, or use of $DIAM in certain jurisdictions.
I.4 Project Implementation-Related Risks
The Diamante Network faces project implementation-related risks that could affect its development and operations. These include delays or challenges in software development, network upgrades, or deployment of smart contracts, which may impact functionality and user adoption. Additionally, reliance on third-party developers, partners, and service providers introduces risks that issues may not be addressed promptly or effectively, potentially affecting the overall stability and performance of the network.
I.5 Technology-Related Risks
The Diamante Network is exposed to blockchain risks, including potential technical vulnerabilities or attacks that could disrupt network operations or cause downtime. Smart contract risks arise from possible vulnerabilities in decentralized applications, which may affect their security and integrity. As an open-source network, third-party developers may introduce bugs or weaknesses, and Diamante Financial Technologies LLC is not responsible for monitoring or addressing such issues. Additionally, token holders face the risk of loss of private keys, which would make $DIAM tokens permanently inaccessible, as Diamante Financial Technologies LLC cannot recover lost or stolen tokens.
I.6 Mitigation measures
Diamante Financial Technologies LLC ensures the security of the Diamante Network through regular audits, open-source software, a bug bounty program, and robust cryptographic and consensus protocols to protect against network attacks. Users are responsible for employing secure, industry-standard third-party applications when staking or holding $DIAM, as these inherent blockchain risks can affect network functionality and the token’s value.
Part A - Information about the offeror or the person seeking admission to trading
A.1 Name: Diamante Financial Technologies LLC
A.2 Legal form: Limited Liability Company
A.3 Registered address: Office 202, Premise No: 1909081141, P-2264, E10, Al Danah, AE-AZ, United Arab Emirates
A.4 Head office: N/A
A.5 Registration Date: 2022/03/29
A.6 Legal entity identifier: N/A
A.7 Another identifier required pursuant to applicable national law: CN-4426116
A.8 Contact telephone number: +971-566189090
A.9 E-mail address: chirag@diamante.io
A.10 Response Time (Days): (7) Seven days
A.11 Parent Company: N/A
A.12 Members of the Management body:
Chirag Jetani
3304, MBL Royal, JLT, Cluster K, Dubai United Arab Emirates
CEO
Dineshkumar Valjibhai Patel
2806, MBL Royal, JLT, Cluster K, Dubai United Arab Emirates
Partner
Mitva Chirag Jetani
3304, MBL Royal, JLT, Cluster K, Dubai United Arab Emirates
Partner
His Highness Sheikh Mohamed bin Ahmed bin Hamdan Al- Nahyan
Palace Number 101, Palace, Al Bateen Area, Abu Dhabi, United Arab Emirates
Partner
A.13 Business Activity: IT & Software services
A.14 Parent Company Business Activity: N/A
A.15 Newly Established: True
A.16 Financial condition for the past three years: N/A
A.17 Financial condition since registration:
Since its establishment, the company’s financial condition has remained stable, with operations managed in a controlled and transparent manner. The business has shown steady development aligned with its size and operational scope. Throughout each period for which internal financial information is available, the company has maintained clear oversight of its cash flows, operating expenses, and capital resources, ensuring smooth day-to-day management and sustainable growth.
No material events have negatively impacted performance, and the company has experienced no significant fluctuations that would alter its financial position. Operating income and expenditures have followed expected patterns, with the primary cost drivers being personnel, technical infrastructure, and ongoing development. Capital resources have been sufficient to support both short-term obligations and long-term operational needs.
Overall, the company demonstrates a well-managed financial structure, supported by stable non-financial indicators such as project delivery efficiency, client retention, and the continued expansion of its service capabilities. The business remains in a controlled and healthy financial position, consistent with prudent management and sustainable operational practices.
Part B - Information about the issuer, if different from the offeror or person seeking admission to trading
B.1 Issuer different from offeror or person seeking admission to trading: False
B.2 Name: N/A
B.3 Legal form: N/A
B.4 Registered address: N/A
B.5 Head office: N/A
B.6 Registration Date: N/A
B.7 Legal entity identifier: N/A
B.8 Another identifier required pursuant to applicable national law: N/A
B.9 Parent Company: N/A
B.10 Members of the Management body: N/A
B.11 Business Activity: N/A
B.12 Parent Company Business Activity: N/A
Part C - Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114
C.1 Name: N/A
C.2 Legal form: N/A
C.3 Registered address: N/A
C.4 Head office: N/A
C.5 Registration Date: N/A
C.6 Legal entity identifier of the operator of the trading platform: N/A
C.7 Another identifier required pursuant to applicable national law: N/A
C.8 Parent Company: N/A
C.9 Reason for Crypto-Asset White Paper Preparation: N/A
C.10 Members of the Management body: N/A
C.11 Operator Business Activity: N/A
C.12 Parent Company Business Activity: N/A
C.13 Other persons drawing up the crypto-asset white paper according to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114: N/A
C.14 Reason for drawing the white paper by persons referred to in Article 6(1), second subparagraph, of Regulation (EU) 2023/1114: N/A
Part D - Information about the crypto-asset project
D.1 Crypto-asset project name: Diamante Quantum
D.2 Crypto-assets name: DIAM Token
D.3 Abbreviation: $DIAM
D.4 Crypto-asset project description:
The Diamante Network is a layer-1 quantum-proof blockchain designed to combine Web-scale performance and long-term cryptographic resilience using a hybrid consensus mechanism combining Proof-of-History (PoH), Delegated Proof-of-Stake (DPoS) and asynchronous Byzantine Fault Tolerance (aBFT).
D.5 Details of all natural or legal persons involved in the implementation of the crypto-asset project
Development Team:
The Diamante Network is governed by Diamante Financial Technologies LLC in United Arab Emirates, with leadership including Chirag Babubhai Jetani, His Highness Sheikh Mohamed bin Ahmed bin Hamdan Al-Nahyan, Dineshkumar Valjibhai Patel, and Mitva Chirag Jetani. The project was founded by Chirag Babubhai Jetani and Dineshkumar Valjibhai Patel, and its technical and operational development is driven by contributors such as Suryakanta Mahanty, Calvin Joshua, Apoorv Kulshestra and reviewers such as Arijit Biswas.
D.6 Utility Token Classification: True
D.7 Key Features of Goods/Services for Utility Token Projects:
$DIAM tokens are used for staking, in-network utilities DeFi activities, and paying for transaction fees on the Diamante Network.
D.8 Plans for the token:
Integration with existing standards for cross-chain messaging, token wrapping, and proofs ensures secure interoperability while preserving he Diamante Network’s atomicity and privacy guarantees.
D.9 Resource Allocation:
Foundation 27%
Liquidity 18.901%
Marketing 10.21%
Ecosystem Grants 10%
Investors and Backers 11.47%
Team and Contributors 8.919%
Community Rewards 7%
Advisors 4%
Strategic Partners 2.5%
D.10 Planned Use of Collected Funds or Crypto-Assets: N/A
Part E - Information about the offer to the public of crypto-assets or their admission to trading
E.1 Public Offering or Admission to trading: ATTR
E.2 Reasons for Public Offer or Admission to trading: Admission allows existing token holders to buy or sell tokens more easily.
E.3 Fundraising Target: N/A
E.4 Minimum Subscription Goals: N/A
E.5 Maximum Subscription Goal: N/A
E.6 Oversubscription Acceptance: N/A
E.7 Oversubscription Allocation: N/A
E.8 Issue Price: N/A
E.9 Official currency or other crypto-assets determining the issue price: N/A
E.10 Subscription fee: N/A
E.11 Offer Price Determination Method: N/A
E.12 Total Number of Offered/Traded crypto-assets: N/A
E.13 Targeted Holders: ALL
E.14 Holder restrictions: N/A
E.15 Reimbursement Notice: N/A
E.16 Refund Mechanism: N/A
E.17 Refund Timeline: N/A
E.18 Offer Phases: N/A
E.19 Early Purchase Discount: N/A
E.20 Time-limited offer: N/A
E.21 Subscription period beginning: N/A
E.22 Subscription period end: N/A
E.23 Safeguarding Arrangements for Offered Funds/crypto-assets: N/A
E.24 Payment Methods for crypto-asset Purchase: N/A
E.25 Value Transfer Methods for Reimbursement: N/A
E.26 Right of Withdrawal: N/A
E.27 Transfer of Purchased crypto-assets: N/A
E.28 Transfer Time Schedule: N/A
E.29 Purchaser's Technical Requirements: N/A
E.30 Crypto-asset service provider (CASP) name: N/A
E.31 CASP identifier: N/A
E.32 Placement form: NTAV
E.33 Trading Platforms name: Kraken Exchange (Payward Group) and other trading platforms operating within the EU/EEA.
E.34 Trading Platforms Market Identifier Code (MIC): KRME
E.35 Trading Platforms Access:
Subject to the terms and conditions of the trading platform. Generally available to all users, with the customary exclusions for sanctioned countries, FATF non-compliant jurisdictions, and politically exposed persons (PEPs).
E.36 Involved costs: N/A
E.37 Offer Expenses: N/A
E.38 Conflicts of Interest:
Diamante Financial Technologies LLC is not aware of any potential conflict of interest among its management body members or any other persons within Diamante Financial Technologies LLC with respect to the admission of the Token to trading on Trading Platforms.
E.39 Applicable law:
Any dispute relating to this white paper shall be governed by and construed and enforced in accordance with the laws of the Emirate of Abu Dhabi and the United Arab Emirate without regard to conflict of law rules or principles (whether of Switzerland or any other jurisdiction) that would cause the application of the laws of any other jurisdiction, irrespective of whether $DIAM tokens qualify as right or property under the applicable law.
E.40 Competent court:
Any disputes or claims arising out of this white paper will be subject to the exclusive jurisdiction of the courts of the Emirate of Abu Dhabi, United Arab Emirate.
Part F - Information about the crypto-assets
F.1 Crypto-Asset Type: Native utility token of Diamante Quantum
F.2 Crypto-Asset Functionality:
The Diamante Network’s native token, $DIAM, serves multiple purposes:
Fees: Used to pay for transaction execution, storage, and computation.
Staking: Validators lock $DIAM to participate in DPoS elections and secure the network.
Probability of selection derivation
In-Network utilities: DeFi activities
F.3 Planned Application of Functionalities: Already applicable
F.4 Type of crypto-asset white paper : OTHR
F.5 The type of submission: NEWT
F.6 Crypto-Asset Characteristics:
The $DIAM token is the native utility token of Diamante Quantum. It operates on a layer-1 quantum-proof blockchain and is used to cover transaction fees, participate in staking to secure the network and in-network utilities DeFi activities.
F.7 Commercial name or trading name: $DIAM
F.8 Website of the issuer: https://www.diamante.io/
F.9 Starting date of offer to the public or admission to trading: 2025-12-05
F.10 Publication date: 2025-12-05
F.11 Any other services provided by the issuer : None
F.12 Language or languages of the white paper: English
F.13 Digital Token Identifier: N/A
F.14 Functionally Fungible Group Digital Token Identifier: N/A
F.15 Voluntary data flag: True
F.16 Personal data flag: True
F.17 LEI eligibility: False
F.18 Home Member State: Ireland
F.19 Host Member States:
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Iceland, Liechtenstein, Norway.
Part G - Information on the rights and obligations attached to the crypto-assets
G.1 Purchaser Rights and Obligations:
Holders of $DIAM tokens have the right to (i) use their token to cover transaction fees, deploy smart contracts, and interact with decentralized applications on the network; (ii) use their tokens to participate in DPoS elections, enabling them to participate in securing the network and earning staking rewards; and (iii) use their tokens through their chosen validators, to influence the network’s governance and validator behaviors.
Token holders are responsible for safeguarding their private keys, complying with applicable laws and regulations, and understanding the risks associated with participating in the network, including potential price volatility.
G.2 Exercise of Rights and obligations:
In order to influence the network’s governance, a token holder must stake its token. The other functions are permissionless.
G.3 Conditions for modifications of rights and obligations:
Any modifications (if any) to the rights and obligations of $DIAM token holders are subject to the Diamante Network’s governance processes and require validator consensus, or protocol upgrades. Changes are implemented transparently through network proposals and are only enacted once approved and deployed on-chain in accordance with the network’s rules.
G.4 Future Public Offers: N/A - not planned
G.5 Issuer Retained Crypto-Assets: Approx. 63.129% of the total supply
G.6 Utility Token Classification: True
G.7 Key Features of Goods/Services of Utility Tokens:
$DIAM tokens grant access to the Diamante Network’s decentralized blockchain services, enabling users to cover transaction fees, to participate in DPoS elections in order to secure the network and use in-network utilities like DeFi activities.
G.8 Utility Tokens Redemption:
$DIAM tokens are primarily redeemed when executing transactions on the Diamante Network such as transferring tokens or deploying or interacting with smart contracts.
G.9 Non-Trading request: True
G.10 Crypto-Assets purchase or sale modalities: N/A
G.11 Crypto-Assets Transfer Restrictions: None
G.12 Supply Adjustment Protocols: False
G.13 Supply Adjustment Mechanisms: N/A
G.14 Token Value Protection Schemes: False
G.15 Token Value Protection Schemes Description: N/A
G.16 Compensation Schemes: False
G.17 Compensation Schemes Description: N/A
G.18 Applicable law:
Any dispute relating to this white paper shall be governed by and construed and enforced in accordance with the laws of the Emirate of Abu Dhabi and the United Arab Emirate without regard to conflict of law rules or principles (whether of Switzerland or any other jurisdiction) that would cause the application of the laws of any other jurisdiction, irrespective of whether $DIAM tokens qualify as right or property under the applicable law.
G.19 Competent court:
Any disputes or claims arising out of this white paper will be subject to the exclusive jurisdiction of the courts of the Emirate of Abu Dhabi, United Arab Emirate.
Part H – information on the underlying technology
H.1 Distributed ledger technology:
The Diamante Network utilizes distributed ledger technology (DLT) to ensure transparency, security, and immutability of data.
H.2 Protocols and technical standards:
The Diamante Network is a next-generation blockchain protocol that unifies multiple execution paradigms—zkEVM, DNA/WASM, and enterprise Chaincode—within a single platform. By leveraging a hybrid consensus pipeline of PoH pre-ordering, DPoS elections, and aBFT finality, the network achieves high throughput, sub-second finality, and robust security even in the presence of Byzantine actors.
H.3 Technology Used:
The Diamante Network uses its own blockchain protocol that unifies multiple execution paradigms—zkEVM, DNA/WASM, and enterprise Chaincode—within a single platform. By leveraging a hybrid consensus pipeline of PoH pre-ordering, DPoS elections, and aBFT finality, the network achieves high throughput, sub-second finality, and robust security even in the presence of Byzantine actors.
H.4 Consensus Mechanism:
The Diamante Network leverages a hybrid consensus architecture, combining PoH (Proof of History), DPoS (Delegated Proof of Stake), and aBFT (asynchronous Byzantine Fault Tolerance) to achieve high throughput, low latency, and deterministic finality.
H.5 Incentive Mechanisms and Applicable Fees:
To secure the network and incentivize participation, validators earn rewards in $DIAM tokens for staking, participating in consensus activities, and maintaining network security. On the Diamante Network, applicable fees primarily consist of transaction (gas) fees, which are paid in $DIAM tokens.
H.6 Use of Distributed Ledger Technology: True
H.7 DLT Functionality Description:
The Diamante Network’s DNA layer is a WASM-based, resource-oriented smart-contract environment that enforces ownership and linear-type semantics, ensuring assets cannot be duplicated or lost. It compiles contracts to WASM for efficient, sandboxed execution and interoperates with the network’s zkEVM and enterprise Chaincode layers via cross-VM messaging. This design improves safety, performance, and multi-paradigm flexibility while aligning naturally with asset-centric blockchain use cases.
H.8 Audit: True
H.9 Audit outcome: Certik (https://skynet.certik.com/projects/diamante)
S – Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts
S.1 Name: Diamante Financial Technologies LLC
S.2 Relevant legal entity identifier: CN-4426116
S.3 Name of the crypto-asset: $DIAM
S.4 Consensus Mechanism: Please refer further to the information provided in section H.04 above
S.5 Incentive Mechanisms and Applicable Fees: Please refer further to the information provided in section H.01 above
S.6 Beginning of the period to which the disclosed information relates: 2024-11-20
S.7 End of the period to which the disclosed information relates: 2025-11-20
S.8 Energy consumption:
Annual consumption: ~481,324 kWh per year
This results in approximately 173,243 kg of CO₂ emissions annually, equivalent to the average CO₂ emissions of about 33.7 U.S. households. Per transaction, Stellar uses only 0.00003 kWh (0.03 Wh), making it extremely energy efficient compared to Bitcoin's 634 kWh per transaction.
S.9 Energy consumption sources and methodologies:
The energy consumption data for the Diamante Network is sourced from the Crypto Carbon Ratings Institute (CCRI), which provides independent, standardized measurements for blockchain networks related to comparable Layer-1 blockchain infrastructures. The methodology calculates the total energy used for validating transactions and maintaining the integrity of the distributed ledger, expressed in kilowatt-hours (kWh) per calendar year. CCRI considers both direct energy usage (for node operations and network infrastructure) and indirect energy sources, including electricity from purchased power. The share of renewable vs. non-renewable energy is determined using energy sourcing information from participating network validators. Energy intensity is further calculated as energy consumed per validated transaction, providing a normalized metric for network efficiency. The approach follows transparent, audit-ready protocols to ensure comparability across blockchain networks and alignment with sustainability reporting standards. All metrics are periodically updated to reflect real-time network performance and energy usage patterns.
S.10 Renewable energy consumption: N/A
S.11 Energy intensity: N/A
S.12 Scope 1 DLT GHG emissions – Controlled: N/A
S.13 Scope 2 DLT GHG emissions – Purchased: N/A
S.14 GHG intensity: N/A
S.15 Key energy sources and methodologies: N/A
S.16 Key GHG sources and methodologies: N/A
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