CurioInvest and MERJ plan tokenize luxury cars

Investment platform CurioInvest and digital asset exchange MERJ have teamed up as part of a tokenization projectluxury and collection cars.

Tokens called CT1 will be available on the MERJ regulated exchange, registered in the Seychelles. Note that MERJ is licensed by the Seychelles financial regulator as a securities exchange.

The companies plan to tokenize 500 collection cars with a total value of more than $ 200 million. One of the first models for tokenization should be a Ferrari F12tdf worth about $ 1.1 million.

“Maybe there is a guy who wants toinvest in a rare car stored in Stuttgart, which is tokenized by a company from Liechtenstein and this is transparently regulated. Technology is only half the process. Regulation is equally important. We are talking about a well-regulated and well-thought-out proposal that will be available on the stock exchange, ”said Jim Needham, head of digital strategy at MERJ.

As experts from a consulting firm notedKnight Frank, vintage and collectible cars, rose 330% between 2007 and 2017, outpacing traditional investments like stocks and bonds in terms of growth. Interestingly, it will not be unprofitable to take possession of a piece of collectible Ferrari - tokens are planned to be sold for $ 1.

Recall that not so long ago, Circle startup startup CEO Jeremy Allaire expressed the view that asset tokenization will become a global trend in a few years.

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