The 1708 Stradivarius, crafted by preeminent Italian violin maker
Through tokenization, Galaxy is revolutionizing the way assets like priceless art, real estate, historical artifacts, and other real-world assets are perceived and utilized in the financial realm. This process enables the conversion of physical assets into digital tokens, significantly enhancing liquidity and providing a pathway for owners to realize the economic value of their holdings without necessitating the sale of the asset itself.
'By tokenizing this Stradivarius violin, we are not just preserving the legacy of one of the world's most precious musical instruments, but we are also setting a precedent for how the latent value of real-world assets can be accessed and utilized,' said
Galaxy tokenized the 1708 Stradivarius through GK8, a wholly owned subsidiary of Galaxy and a leading enterprise-grade blockchain custody and monetization platform. By utilizing GK8's proprietary Tokenization Wizard tool, an easy-to-navigate application that guides users through the process of securing traditional assets in the form of digital tokens, Galaxy successfully tokenized the 1708 Stradivarius on the Ethereum blockchain, minting a non-fungible token ('NFT') publicly recorded on OpenSea. The Empress Caterina 1708 Stradivarius violin NFT was created by GK8 exclusively for the financing transaction between
'As a technologist with a background in classical music, this is a very special moment for me,' said
Galaxy's Investment Banking's
About Galaxy
Galaxy (TSX: GLXY) is a digital asset and blockchain leader providing access to the growing digital economy. We serve a diversified client base, including institutions, startups, and qualified individuals. Since 2018, Galaxy has been building a holistic financial platform spanning three complementary operating businesses: Global Markets, Asset Management, and Digital Infrastructure Solutions. Our offerings include, amongst others, trading, lending, strategic advisory services, institutional-grade investment solutions, proprietary bitcoin mining and hosting services, network validator services, and the development of enterprise custodial technology. The company is headquartered in
CAUTION ABOUT FORWARD-LOOKING STATEMENTS
This release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as 'forward-looking statements'). These forward-looking statements relate to tokenization and the tokenization wizard. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'budget', 'scheduled', 'estimates', 'continues', 'forecasts', 'projects', 'predicts', 'intends', 'anticipates' or 'believes', 'seeks' or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'should', 'might' or 'will' be taken, occur or be achieved. The forward-looking statements contained in this release are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. Forward-looking statements involve known and unknown risks uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company's ability to predict or control. Forward-looking statements are subject to the risk that tokenization and the tokenization wizard do not perform as anticipated. They are also subject to the risks described in the Risk Factors section of the Annual Information Form ('AIF') dated
Contact:
Email: investor.relations@galaxy.com
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