This week a new tokenized art fund was launched as a security token on the Securitize platform. The $25 million Strada Digital Masterpieces fund will invest in around 65 artworks across a diversified range of artists with the selection being made by appraisers Winston Art Group.
For tokenized art funds, Winston entered into a joint venture with Artory, a blockchain-based artwork digital registry that was launched in 2018, long before the recent NFT boom. One of the first transactions that Artory logged was the sale of an art collection for more than $300 million. Artory’s founder Nanne Dekking was previously Vice Chairman of Sotheby’s New York.
The fund administration is being handled by Apex Group, the organization that administers over $3 trillion in assets and has made multiple forays into blockchain and digital assets of late, including acquiring the majority of FundAdminChain.
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