27 April, Luxembourg – Artory, a world leader in tokenizing fine art and collectibles, has partnered with the leading tokenization platform, Tokeny, to compliantly unlock liquidity in the traditionally illiquid art market through the market tokenization standard ERC3643.
Leveraging their proven track record in art tokenization, Artory plans to tokenize art investments at scale. Artory’s technology captures trusted asset due diligence information from partner institutions to generate a verified asset token with signed certification. With Artory’s fully-auditable, certified asset token, the artworks can be wrapped in digital financial product offerings, such as funds, and participate in digital markets.
Artory has chosen to expand their tokens with the ERC3643 standard to avoid restriction to one local trading platform and take advantage of the standard’s on-chain compliance thanks to its built-in identity system. Financial instruments tokenized with the standard are interoperable with any other trading venue, centralized or decentralized, that uses the same blockchain network.
Artory and Tokeny align in their visions to create an open, compliant, and transparent ecosystem for art investors through this collaboration. Artory’s proficiency in providing auditable certifications and data-driven valuation for artworks, combined with Tokeny’s ready-to-use tokenization engine for using the ERC3643 standard, provides an all-in-one solution for tokenized art investment and liquidity opportunities.
For centuries, art and rare collectibles have been coveted investments, typically reserved for the affluent due to high barriers to entry. Remarkably, art has outperformed the S&P 500 for over 20 years, with fine art values rising more than 71% in the past decade. Furthermore, the Artprice100 index shows that blue-chip art has outpaced the S&P 500 since 2000.
Moreover, due to art’s historically low correlation with traditional markets, investing in art can potentially serve as a hedge against inflation and economic volatility. However, art is a complex asset class that requires a comprehensive inspection and appraisal performed by experts before being considered for investment. With Artory’s institutional-grade art tokenization, this asset class now has become increasingly accessible. Artory’s expert certification and data-driven valuation for the underlying artwork assets, together with Tokeny’s compliant infrastructure leveraging the ERC3643 standard , now enable art professionals to seamlessly tokenize trusted physical artworks and access liquidity through the digital ecosystem.
Established in 2016 by Nanne Dekking, who has over 25 years of global expertise and influence in the art market, Artory has focused on certifying and tokenizing art and collectibles by obtaining reliable due diligence information from partner institutions like the prestigious art appraisal and advisory firm, Winston Art Group.
Together, Artory and Tokeny have tackled the two biggest obstacles in this industry – inaccessibility and opaque valuation – while ensuring compliance.