ArtsGain Investments, a manager specializing in high-quality blue-chip investment funds from world-renowned artists, has partnered with Tokeny, an enterprise tokenization platform, to increase liquidity for these unique assets.
“Historically speaking, art has been an exclusive asset class, which can be attributed to its limited access and significant initial capital requirements, making it difficult for many to participate and even more frustrating knowing that the art market has consistently outperformed to many other asset classes,” the firm comments. In fact, since 2000, the art market, categorized by the performance of blue-chip artists (top 100 global artists), has statistically proven to outperform popular indices such as the Dow Jones and S&P 500 in a multiple of 3x, proving to be a great diversification strategy.
In this context, ArtsGain has set itself the mission of transforming the art market by offering tokenized shares, in order to improve liquidity and be able to create a secondary market for its tokenized artistic values in the near future. Its collaboration with Tokeny aims to simplify the investment process, guiding professional investors into the world of blue-chip art.
By seamlessly integrating the open-source permissioned token standard ERC3643 through the Tokeny platform, ArtsGain ensures regulatory compliance within the EU securities regulatory framework under MiFID and
encourages greater liquidity for artistic assets.
The firm defends that tokenization facilitates the trade and transferability of art-related tokens, which improves liquidity in the market. In addition, ArtsGain emphasizes the ESG components of its operations: from transportation to the management of works of art in a sustainable way, it dedicates 0.3% of funds to NGOs of disabled artists and discriminates positive selection for women artists.
“Our commitment is clear: our goal is to be inclusive and conscious of sustainability, while providing unparalleled investment opportunities. The art world has for too long been an enclave for a select few. “Leveraging technology and our extensive experience in art, we are democratizing access allowing more professional investors to appreciate, invest and benefit from these incredible assets,” said Xavier Olivella, CEO of ArtsGain.
For his part, Luc Falempin, CEO of Tokeny, said: “We are excited to support ArtsGain in the world of art investing with our cutting-edge software. Art, like technology, is a constantly evolving canvas of innovation and creativity. The tokenization solution will allow them to navigate this intricate masterpiece, providing them with the tools they need to combine the brushstrokes of finance with the vibrant palette of the art world, creating a masterpiece of investment success.”
2023-12-28 09:24:41
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