ARTBNK COMPLEMENTS GÜNTHER FÖRG’S OHNE TITLE FRACTIONALIZATION SALE USING IOWNIT’S BLOCKCHAIN PLATFORM
NEW YORK, 26 July 2022 /PRNewswire/ — ARTBnk, a leading source of valuation, financial performance and liquidity data on the global art market, completed the sale of its first fractional art using iownit’s blockchain platform.
The completed offer Günther Förgs Ohne Titel to USD $950,000.00the shares were sold in a private placement, priced at USD $500 per unit with a minimum investment of USD $5000. The companies expect to launch a number of additional offers during the coming year.
“Fractionalization is the natural next step in our goal to make the art market more accessible and transparent.” said the CEO of ARTBnk Jamie Lafleur. ARTBnk’s technology allows anyone, regardless of experience, to determine the true market value of a work of art. Our fractionation of offers provides an opportunity to participate in the market, and own part of a work of museum quality.
iownit, a fintech firm that provides financial and operational infrastructure for private markets, facilitated ArtBnk’s initial public offering. iownit’s infrastructure allows investors to diversify their portfolios by accessing alternative investments, such as art and collectibles, while providing a modern, user-friendly investor experience. Investors can build a curated portfolio of iconic paintings with transparency and traceability enabled by blockchain technology.
“As the demand for alternative investments continues to grow, digitizing the investment process is an important step towards achieving the democratization and diversification of alternatives. The platform enables investors to access tailored securities, such as art and collectibles, at lower minimum levels due to the operational efficiency achieved using blockchain technology.” said Hamid Gayibov, CBDO, and co-founder of iownit.
ARTBnk’s financial tools make it possible to manage art as a financial resource – a disruptive service to the traditional approach to art investment. ARTBnk’s team combines more than 200 years of entrepreneurial experience in Wall Street, technology, global financial markets and art markets, making it uniquely qualified to be a pioneer in fractionation.
ARTBnk and iownit’s fractionation offer meets today’s need for easier access to alternatives and has enormous potential for the future. Fractionalization is a powerful and useful diversification that adds art exposure to investment portfolios.
About ARTBnk
ARTBnk was founded in 2017 and aims to provide transparency to those who collect, deal with, finance and insure art. The first and only service to provide a standard benchmark for determining the legitimacy of valuation in the art world, ARTBnk uses an AI-powered platform supported by a fully normalized proprietary database to deliver accurate, objective and reliable valuations. These fair market values are a critical tool for those who view art as an alternative financial asset class and serve as the basis for ARTBnk indices along with other financial art performance indicators. In addition to computer services, ARTBnk offers solutions and tools for asset management, insurance, lending and financial environments, as well as apps designed for art professionals and collectors. See more at:
About iownit
Our purpose is to unlock the potential and opportunities of the alternative investment marketplace for investors through innovation, technology and market expertise. Driven by our vision to create a modern financial operating infrastructure and marketplace for investing in alternatives, our easy-to-use blockchain-based technology solutions are designed to create true digital transformation for our clients.
Our customizable and turnkey technology solutions enable expanded access and facilitate greater investor participation by allowing asset managers, custodians, transfer agents, RIAs, brokers and investors to easily participate in the alternative investment market in a safe and efficient manner, while remaining compliant.
iownit partners with like-minded organizations that also want to transform the alternative markets for a digital future, and we are actively expanding our network of third-party brokers/dealers ready to embrace digital transformation for private markets.
Securities are offered through iownit’s affiliate, IOI Capital and Markets, LLC (“IOICM”). Member FINRA and SIPC. IOI Capital and Markets, LLC (iownit.us) is a wholly owned subsidiary of iownit Capital and Markets, Inc. For more information about iownit.us, please visit our website iownit.us or contact us at [email protected]
Disclaimer
This is a marketing communication and is for informational purposes only. This document does not constitute a recommendation to buy, sell or hold securities and should not be considered an offer to sell or a solicitation to buy any security. The views and opinions expressed herein, which are subject to change without notice, are those of iownit Capital and Markets, Inc., or its affiliates at the time of publication. Duplication, publication, extraction or transmission of the content, regardless of form, is not permitted.
Securities offered on the proprietary ATS have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States lack of registration or an applicable exemption from the registration requirements. Assets listed here, such as digital assets or tokens using blockchain, are speculative, involve a high degree of risk, are generally illiquid, may have no value, have limited regulatory certainty, are subject to potential market manipulation risks and may expose investors to losses by the principal. Investments in private placements, especially start-up investments, are also speculative and involve a high degree of risk. Investors must be able to afford the loss of their entire investment. To learn more about Blockchain and how iownit uses this technology, please visit:
https://www.iownit.us/learn-more/financial-innovation/what-is-a-decentralized-blockchain-network/
For more information, please contact:
For ARTBnk:
Graham Miller
Sphere Consulting
+1-202-862-5522
[email protected]
For your own sake
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SOURCE iownit