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27 July 2021

Swiss Bank Sygnum to Issue NFTs for Original Picasso | Crypto Briefing

Swiss Bank Sygnum to Issue NFTs for Original Picasso | Crypto Briefing


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Swiss digital asset bank Sygnum has partnered with art investment pioneer Artemundi to tokenize Pablo Picasso’s 1964 painting “Fillette au béret.”.

Sygnum has become the first bank to offer tokenized ownership rights of a fine art piece using blockchain technology, the bank announced Thursday.

The first piece Sygnum will offer this way is Picasso’s 1964 painting “Fillette au béret” (Little girl in beret).

The bank hopes that tokenizing fine art will lower barriers to investment and open up the market to new investors.

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