A Picasso painting is to be sold in tokenised form, allowing investors to buy "shares" in the work, Swiss digital asset bank Sygnum announced Thursday
Image: Courtesy of Sygnum
Sygnum joined forces with Artemundi, a fund specialising in art investments, to offer the shares in Picasso's 1964 work "Fillette au Beret".
"This marks the first time the ownership rights in a Picasso, or any artwork, are being broadcast onto the public blockchain by a regulated bank, enabling investors to purchase and trade 'shares' in the artwork called Art Security Tokens (ASTs)," Sygnum said.