March 27, 2023

Kentucky whiskey makers will issue tokens for bourbon barrels

Wave Financial, a digital asset management company, plans to tokenize between 10,000 and 20,000 barrels of bourbon from Kentucky worth $ 20 million

Wilderness Trail Bourbon Tokenizationwill allow foreign investors to invest in the growing whiskey industry in the United States. Access to tokenized bourbon will be through the special Wave Kentucky Whiskey 2020 Digital Fund. It is expected that tokens in the fund will be provided with 4 million bottles of bourbon.

Over the past decade, the manufacturing industryWhiskey in the US is growing at a steady pace. At the same time, industry representatives note the uniqueness of the product - unlike other food products, over time, bourbon does not deteriorate, but, on the contrary, only becomes more valuable.

“We give investors a unique opportunitytouch a rare asset class, usually inaccessible due to low liquidity, limited stocks and a high entry threshold, ”said Benjamin Tsai, president of Wave Financial and new fund manager.

He also said that the auditor and administratorThe fund will recalculate the value of the token on a quarterly basis. And the longer the tokenized whiskey will be stored, the more expensive it will become, which means tokens will rise in price. However, users themselves will be able to sell tokens at any price.

Whiskey 2020 Digital Fund Launch Date Not Yetannounced, the launch is due to happen this year. Participation in it will be available to accredited investors from around the world. At the same time, tokens will be issued only a year after the launch of the fund - the delay is dictated by the rules of the US Securities and Exchange Commission (SEC).

A year ago, it was reported that William Gran & Sons was developing a blockchain platform to track the supply of whiskey premium brand Ailsa Bay.