Signum Bank and Artemundi teamed up to get together tokenize obraz Picasso Fillette au beret. For the first time in history, ownership of a work of art has been transmitted to a public blockchain by a bank, giving investors the ability to buy and sell stakes in works of art, known as Art Security Tokens (AST).
Cooperation between Sygmum Bank and Artemundi is a breakthrough for the art market
The art market is quite a specific area. Its opening up to tokenization it marks the beginning of a completely new era - thanks to it, access to works of art will be democratized. One of them is Picasso's painting Fillette au beret, the tokenization of which is the fruit of collaboration Sygm Bank z Artemundi, a pioneer in the field of investment in the arts.
Thanks to technology blockchain the global art market will open up to a wide range of new investors. The tokenization of Picasso's work means important changes for the art market. By turning it into a bank-class marketable blockchain security, such as SyngEx Sygum Bank, for example, it allows buyers and sellers to establish direct relationships, eliminating the need for intermediaries. As a result, not only are transaction costs reduced, but also greater transparency of the entire industry is provided.
4 tokens issued by Sygum Bank
Participation in the Fillette au beret was valued at CHF 5 million. The tokens can be subscribed via the Sygum Bank electronic platform - the minimum permitted subscription is CHF 000. Transactions will be settled in Swiss francs, using digital stablecoina Signature (DCHF). The sale of tokens takes place on the digital transaction platform Sygum.
Full compliance with the law
Having the status of a regulated bank, Sygum Bank bases each token issue it conducts on solid legal grounds. At the same time, it provides comprehensive services, from the first issue, to billing and storage, and ending with secondary trading. The Picasso work's tokenization project also guarantees legal ownership. Representing tokens Fillette au bere they are fully compliant with Swiss regulations, which provides investors with a high level of security.