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The collaboration combines Eurobank's expertise across alternatives with Mintus' high-tech platform, enabling Mintus to offer High Net Worth and qualified/registered investors access to a diversified set of Eurobank's funds, including Property, Private Equity, Venture Capital, and Private Debt. Eurobank will also invest in Mintus' $210m close-end funds, which will acquire works from well-known and emerging artists.

In addition, Eurobank Asset Management will adopt Mintus' innovative platform into their offerings. Regulated by the FCA, Mintus' proprietary platform harnesses cutting-edge technology to provide asset managers and investors with a secure and reliable digital experience.

"Our investment in Mintus underscores Eurobank's commitment to harnessing breakthrough technology to benefit our clients," said Theofanis Mylonas, CEO of Eurobank Asset Management MFMC. "This move builds upon Eurobank's history of seeking innovative opportunities to add value for our stakeholders. The resulting forward-looking approach to asset management will strengthen our position at the forefront of the global financial landscape."

Eurobank will leverage Mintus' industry leading digital technology to modernise its product range, allowing Eurobank Asset Management to deliver an improved digital experience for their clients across a suite of investment solutions.

The collaboration will broaden access to the alternative asset market for Mintus' clients, providing the opportunity to manage and trade alternative assets via Eurobank. The collaboration will optimise the interchange of assets between Mintus and Eurobank, serving to strengthen liquidity and retention.

"Joining forces with Eurobank solidifies our vision of transforming the future of investing by significantly broadening access to alternative assets," remarked Tamer Ozmen, Founder and CEO of Mintus. "We believe that providing people with increased investment opportunities is essential to greater financial independence and collective prosperity."

The move comes as demand for alternative assets has increased, due to their attractiveness as a diversification tool offering returns uncorrelated with both the stock and bond market and potential returns. Prequin estimates that alternative assets under management will reach $24.5 trillion by 2028, up from $13.7 in 2021. EY research found the percentage of alternative allocation within portfolios increases with net worth, from 14% for the mass affluent to 81% for ultra-high-net-worth individuals.

"The collaboration between Mintus and Eurobank is a sign that the art market is evolving and a testament to the growing acceptance of shared art ownership," said Brett Gorvy, Chief Curator, and Chairman of Mintus' Art Investment Committee. "A more inclusive, democratised art market will benefit both investors and artists in the future."