VARA licensed tokenization marketplace Tokinvest announced a deal to tokenize financial interests in thoroughbred race horses. It was appointed as the tokenization partner by Evolution Stables, a New Zealand startup that is structuring syndicated leases based on New Zealand horses. Tokenivest was keen to emphasize these are not NFTs, they involve real world asset (RWA) tokenization of financial securities.
Often investment in horse races is as much about fans engaging with a sport that they love as it is about the possibility of making money.
Typically a syndicate of people will get together and buy a young horse that’s trained at a well known racing stables. Hence, they have to fork out additional expenses before the horse participates in races. Evolution Stables is disrupting that approach. Instead, it will take horses with some racing track record at the start of their careers and offer one year leases, with the token holder getting part of the earnings for that year for a fixed price.
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