14th November, Luxembourg – Today holds dual significance: not only does it mark the launch of Artsgain‘s groundbreaking tokenized blue-chip art fund, but it’s also the birth anniversary of the legendary artist, Claude Monet.
A trailblazer, Monet forever changed the way we perceive art. In the same pioneering spirit, Artsgain’s tokenized fund will introduce unprecedented liquidity avenues for art investors, echoing Monet’s revolutionary essence in today’s financial world.
Artsgain, a Barcelona-based VC firm specializing in high-quality blue-chip investment funds featuring art, antiques, and collectibles from globally renowned artists, is excited to partner with Tokeny, a leading enterprise-tokenization platform, to make their vision of increasing liquidity for these one-of-a-kind assets a reality.
Historically speaking, art has been an exclusive asset class which can be attributed to its limited access and significant initial capital requirements, making it challenging for many to participate and even more frustrating knowing that the art market has been consistently outperforming many other asset classes.
In fact, since the year 2000, the art market, categorized by blue-chip artists’ performance, has statistically proven a higher return than popular indices like the Dow Jones and S&P 500 by a multiple of 3x proving to be a great diversification strategy.
Artsgain is on a mission to transform the art market by offering tokenized shares, in order to improve liquidity and create a secondary market for its tokenized art securities. Their collaboration with Tokeny aims to simplify the investment process, guiding investors seamlessly into the world of blue-chip art.
By seamlessly integrating the open-source permissioned token standard ERC3643 via Tokeny’s platform, Artsgain not only assures regulatory compliance within the EU securities regulation framework under MiFID, but also fosters enhanced liquidity for art assets.
Tokenization allows for easier trading and transferability of art-related tokens, leading to improved liquidity in the market. The innovation offers new opportunities for shares in the art fund while maintaining compliance standards at the smart contract level.
Furthermore, Artsgain emphasizes the ESG components of its operations: from transporting to managing artworks in a sustainable way, dedicated 0.3% of the funds to NGOs for disabled artists, and positive screening for women artists.