Mattereum, a London-based legal-tech startup that aims to tokenize and fractionalize real-world assets like real estate, art, and objects, recently published its whitepaper explaining its business model and the concept of tokenization. To better exemplify the whole process, the company decided to digitize a $9 million Stradivarius violin, which will be the first on-chain asset on Mattereum’s Smart Property Register. Thus, the object will be sold through multiple tokens via a crowdsale. Besides holding fractions of ownership rights, token holders will be able to form a governing committee that will decide how the instrument is used. View source
Blockchain-based art investment platform Maecenas has teamed up with crypto exchange Ethershift.co and computer security expert John McAfee to conduct the first “perpetual” digitalization and tokenization of a Picasso work of fine art. The project is codenamed “Project Phoenix”.
„I am helping to tokenize rare art objects - a groundbreaking Blockchain application. We will auction a tokenized Picasso at the end of December. This is our second tokenized painting. The first was a resounding success.“ - wrote McAfee on Twitter. View source
The crypto friendly country of Malta is again in the news after the signing of a Memorandum of Understanding (MOU) regarding the issuance of precious metal-backed tokens. The agreement explains the intent of the Canamex Gold Corporation to issue a gold and silver backed token.
These security tokens are the first precious metal-backed tokens to receive official licensing from a government. Canamex Gold Corporation plans to list their new tokens on the Malta Digital Exchange (MDX). There are significant advantages that the MDX partnership brings to the equation. View source
Investment crowdfunding platform StartEngine launched a Reg A+ self-crowdfunding offer for security tokens some time ago. Unfortunately, the offering has not yet been qualified by the Securities and Exchange Commission.
Last week, StartEngine opened up a “limited time” $10 million security token offering (STO) using the Reg D 506c securities exemption – an offering only open to accredited investors. View source
The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have successfully developed Delivery versus Payment (DvP)1 capabilities for the settlement of tokenised assets across different blockchain platforms2. This will help simplify post-trade processes and further shorten settlement cycles. View source
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