CurioInvest and MERJ Exchange tokenize Ferrari

cars CurioInvest and MERJ Exchange tokenize Ferrari

The companies CurioInvest and MERJ Exchange enter into a partnership in the luxury car sector. The companies want to tokenize collector cars as an investment model. This means that this elite form of investment could also be available to less well-heeled people in the future. It is planned to tokenize up to 500 vehicles that are stored in Germany.

A new digital token should make it easier for investors to invest in luxury cars in the future. At least that's what the companies CurioInvest and MERJ Exchange Ltd. are planning You want to link the so-called Ct1 token to the value of collector cars.

CurioInvest and MERJ want to "democratize" investments in luxury cars

You enable someone in Uganda to invest in a rare car that is in a garage in Stuttgart. This is tokenized by a company in Liechtenstein and all of this is embedded in a recognized regulatory framework,

said Jim Needham, head of digital strategy at MERJ.

The statement came from a telephone call to the business news portal Bloomberg, that of the plans on 31 January reported . This model is a "perfect example of the contribution blockchain and distributed ledger technology can make to the democratization of the capital markets."

CurioInvest is an investment platform based in Zurich. According to the company's website, CurioInvest specializes in particular in investing in collector vehicles. This should open this market to "millions of new investors". MERJ Exchange Ltd. on the other hand is a stock exchange for digital investments. The company based in the Seychelles has been pursuing expansion plans towards Europe for some time . In August, for example, MERJ entered into a partnership with the British corporation Globacap, which gave it access to the European security token market.

The CT1 allows investors to also purchase fragments of the digital token. CurioInvest and MERJ Exchange plan to bring up to 500 cars worth over $ 200 million to the stock exchange.

The first tokenized luxury car is a Ferrari

The first luxury car to be tokenized as part of the project is a Ferrari F12tdf. This car is worth $ 1.1 million and is currently in a warehouse in Stuttgart, where the other vehicles are also supposed to be stored. The plans of CurioInvest and MERJ include new cars as well as antique cars. The two companies assume that the prices for these investment properties will continue to rise. According to the Bloomberg article (citing a report by the consulting firm Knight Frank), antique cars generated a return of 330 percent between 2007 and 2017.

►Website: http://axtschmiede.com

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