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B. G., Opalesque Geneva:
ADDX, a digital exchange for private markets in Singapore, has tokenised a vintage French Burgundy wine portfolio. About half of the vintage wines carry "Grand Cru" appellations, the highest tier of wine classification in Burgundy, with vintage years from 2006 to 2020.
The primary subscription for these wine tokens was completed at S$0.83 per token in September. The minimum subscription size was set at 1,000 tokens or $830 (US$588). The secondary trading of tokens is now live on the ADDX exchange.
Asset tokenization, in this case wine tokenization, is the creation of tokens on a blockchain to represent an asset in order to facilitate more efficient transactions. Tokenization creates liquidity by making it easier for the assets to be distributed and traded among investors.
"The value of fine wine as an investment class has appreciated 137% over the past decade," ADDX CEO Oi-Yee Choo said. "Wine investments can play a unique role in portfolio diversification because investment performance tends to be based on factors unrelated to the stock markets. These include weather and climate patterns, harvest yields, vineyard reputation, and consumer trends.
"The Burgundy wine portfolio by Provenance Treasures is the first luxury asset ADDX has listed. The deal allows investors to own and trade coveted, top-quality wines, while earning a return through an appreciation in the value of the po...................... To view our full article Click here
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