Ever wanted to own classical art? The Royal Museum of Fine Arts in Antwerp just tokenized a million-euro painting.
to blockchain digitization provider Tokeny, on Monday, the Royal Museum of Fine Arts Antwerp became the first European museum to tokenize investment in fine art, starting with Belgian painter James Ensor's painting,"Carnaval de Binche.Investors can obtain fractional ownership of the work starting from 150 euros .
As told by the parties, the ultimate goal of the collaboration is to lower the investment barriers to entry and enable everyday users to become co-owners of expensive fine art pieces that are typically only accessible by affluent individuals. Via an innovative fundraising method, an Art Security Token Offering, individuals were able to collectively purchase and ensure that KMSKA receives it on a long-term loan.
Unlike nonfungible tokens, the Art Security Tokens in the transactions are backed by debt instruments. Therefore, Rubey selectedto issue and manage securitized tokens in a regulatory-compliant manner. Regarding the development, Luc Falempin, CEO of Tokeny, commented: "We share the same vision as our partners KMSKA and Rubey that security tokens will have a real impact on the art industry by allowing smaller investors to invest and engage in artworks that already have existing value.""KMSKA already had the largest Ensor collection in the world. The addition of Carnaval de Binche puts our museum on the international map as an Ensor center of excellence even more.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
NYC pol yanks $5K in funding after Jewish museum bars DeSantis from speakingA local lawmaker is yanking $5,000 in funding for a Manhattan museum after it allegedly barred Florida Gov. Ron DeSantis from speaking there.
Baca lebih lajut »
At 80, Bob Dylan finally gets a museumOpening in Tulsa next week, the Bob Dylan Center will make public more than 100,000 artifacts from one of the greatest living artists.
Baca lebih lajut »
NYC politician pulls funding from Jewish museum over alleged DeSantis snubNew York councilwoman Inna Vernikov has announced she is withholding discretionary funds from a Jewish museum after it allegedly barred Florida Gov. Ron DeSantis from a speaking event.
Baca lebih lajut »
Hammer Museum to honor Charles Gaines and Chase Strangio at 2022 Gala in the GardenThe museum's annual gala returns as an in-person event this fall.
Baca lebih lajut »
Texas woman bought 2,000-year-old stolen museum art at Goodwill for $35A Texas woman bought a first-century marble bust for $34.99 at a Goodwill in Austin — no, seriously.
Baca lebih lajut »