Royal Museum of Fine Arts Antwerp tokenizes million-euro classic masterpiece

Royal Museum of Fine Arts Antwerp tokenizes million-euro classic masterpiece



According to blockchain digitization provider Tokeny, on Monday, the Royal Museum of Fine Arts Antwerp (KMSKA) has become the first European museum to tokenize investment in fine art, starting with Belgian painter James Ensor (1860 – 1949)’s painting Carnaval de Binche. Investors can obtain fractional ownership of the work starting from 150 euros. The venture is a joint effort between KMSKA, Tokeny and blockchain art entity Rubey, with the tokens themselves being ERC-3643 compliant and launching on the Polygon (MATIC) blockchain. 

As told by the parties, the ultimate goal of the collaboration is to lower the investment barriers to entry and enable everyday users to become co-owners of expensive fine art pieces that are typically only accessible by affluent individuals. Via an innovative fundraising method, an Art Security Token Offering, individuals were able to collectively purchase and ensure that KMSKA receives it on a long-term loan.

Unlike nonfungible tokens, the Art Security Tokens in the transactions are backed by debt instruments. Therefore, Rubey selected Tokeny’s tokenization APIs to issue and manage securitized tokens in a regulatory-compliant manner. Regarding the development, Luc Falempin, CEO of Tokeny, commented:

“We share the same vision as our partners KMSKA and Rubey that security tokens will have a real impact on the art industry by allowing smaller investors to invest and engage in artworks that already have existing value.”

Meanwhile, Luk Lemmens, President of KMSKA, added:

bybit

“KMSKA already had the largest Ensor collection in the world. The addition of Carnaval de Binche puts our museum on the international map as an Ensor center of excellence even more.”



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

You have not selected any currency to display

Pin It on Pinterest

Ico-Investor
Bybit
Ico-Investor
Royal Museum of Fine Arts Antwerp tokenizes million-euro classic masterpiece
bybit
Fiverr
Hyperlane’s Warp Routes 2.0 Sends HYPER to New All-Time High
Ether May Soon Outperform Bitcoin: Michael Novogratz
3 Token Unlocks to Watch In the Last Week of June 2025
Altseason Surges On After Binance Futures Volume Hits $100B
Hedera (HBAR) Gains 5% But Faces Bearish Challenges Ahead
Bitcoin, Ether Tipped For Upside As ETH Hits 7-Month High
Binance
Changelly
Ethereum ETFs Hit 1 Year On US Market
Tea App That Claimed to Protect Women Exposes 72,000 IDs in Epic Security Fail
Dragonfly Capital Faces DOJ Threat Over Tornado Cash Ties
ETH Bulls Predict Rally To $9K: What Does Data Say?
Bitcoin Sell-off Puts Entire Altseason At Risk
Ethereum ETFs Hit 1 Year On US Market
Tea App That Claimed to Protect Women Exposes 72,000 IDs in Epic Security Fail
Dragonfly Capital Faces DOJ Threat Over Tornado Cash Ties
ETH Bulls Predict Rally To $9K: What Does Data Say?