Sygnum Bank Will Tokenize the Oil Painting “Fillette au béret” by Pablo Picasso
The Swiss-regulated cryptocurrency bank Sygnum will tokenize Pablo Picasso’s painting Fillette au béret (Little Girl in a Beret).
According to the press release, investors will be able to purchase a stake in the painting for CHF 1,000.
An investment company Artemundi which specializes in the works of art, has become a partner of the crypto bank. She will examine the painting and establish its value.
To tokenize the painting, Sygnum will issue 4,000 tokens, which will be secured by a share in the painting (Art Security Tokens, ASTs). The minimum lot price will be CHF 5,000 (~$5436). The settlement will be made in Swiss francs using Sygnum’s own stablecoin DCHF.