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31 July 2021

Master-pieces: Swiss bank issuing NFT shares in Picasso painting for $6K each

Master-pieces: Swiss bank issuing NFT shares in Picasso painting for $6K each


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Digital asset-focused Swiss Bank, Sygnum, has teamed up with art investment firm Artemundi to offer fractionalized ownership shares in a Pablo Picasso painting for $6,000 each.

Shares representing ownership over $3.68 million Picasso painting, “Fillette au béret,” will be tokenized and issued via blockchain technology, allowing a wide variety of investors to gain exposure to the artwork.

In 2018, John McAfee teamed up with DLT platform Maecenas and crypto exchange Ethershift to auction an ERC-721 token representing ownership over a Picasso artwork.

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cointelegraph.com
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