Funding administration agency Wave Monetary mentioned Friday it has acquired its first spherical of funding from shoppers, and has bought a 1,000 b
Funding administration agency Wave Monetary mentioned Friday it has acquired its first spherical of funding from shoppers, and has bought a 1,000 barrels of Kentucky whiskey it plans to tokenize for potential buyers.
Based on a press assertion emailed to CoinDesk, Wave Monetary bought the whiskey from the Wilderness Path Distillery of Danville, Ky., and plans to tokenize the holding in a yr or two.
Gold, cryptocurrency and actual property corresponding to spirits have turn into favored various investments, in line with the corporate. By tokenizing barrels of whiskey, on this case, buyers acquire publicity to, and profit from, value appreciation of that asset.