Galaxy Digital, a subsidiary of Michael Novogratz, has announced that it has tokenized a 300-year-old Stradivarius violin owned by Animoca Brands co-founder Yat Siu, which, according to a statement, was made in 1708 and was worth about $9 million.
"Known for its unrivaled craftsmanship and long-standing provenance, the tokenisation of this tokenised instrument marks a significant advance in the application of blockchain technology to unlock the value of unique real-world assets," said Galaxy Digital. The statement added that Siu was using the tokenised violin "as collateral for the financing of Galaxy's Global Markets business".
Galaxy Digital tokenizes violins worth around $9 million
2024-06-03 21:25:04
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