NEW YORK, July 26, 2022 /PRNewswire/ — ARTBnk, a leading source of valuation, financial performance and liquidity data in the global art market, completed the sale of its first fractional ownership of art using iownit’s blockchain platform.
Fractionation is the next step in making the art market more accessible and transparent for investors
The completed offering of Günther Förgs Untitled at $950,000.00, shares were sold in a private placement at a price of $500 per unit with a minimum investment of $5,000. For the coming year, the companies are expecting the introduction of numerous additional offers.
“Fractionation is the natural next step in our mission to make the art market more accessible and transparent.” said ARTBnk CEO Jamie Lafleur. ARTBnk’s technology enables anyone, regardless of experience, to determine the fair market value of an artwork. Our fractionation of offerings provides an opportunity to participate in the market and own a piece of a museum-quality work.
iownit, a fintech company that provides financial and operational infrastructure for private markets, facilitated ArtBnk’s first partial offering. iownit’s infrastructure enables 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 made possible by blockchain technology.
“As the demand for alternative investments continues to grow, the digitization of the investment process is an important step towards democratization and diversification of alternatives. The platform enables investors to access customized securities such as art and collectibles at lower minimum amounts due to the operational efficiencies gained through the application of blockchain technology.” said Hamid Gayibov, CBDO and co-founder of iownit.
ARTBnk’s financial tools make it possible to manage art as a financial asset – a disruptive service to the traditional approach to art investing. The ARTBnk team brings together more than 200 years of entrepreneurial experience across Wall Street, technology, global financial markets and the arts markets, uniquely qualifying them to be fractionation pioneers.
ARTBnk and iownit’s fractionation offerings meet the current need for easier access to alternatives and have tremendous potential for the future. Fractionation is a powerful and useful diversifier that provides art exposure to investment portfolios.
Founded in 2017, ARTBnk’s mission is to provide transparency for those who collect, trade, finance and insure art. As the first and only service to provide a standard benchmark for determining the legitimacy of the rating in the art world, ARTBnk uses an AI-driven platform backed by a fully normalized proprietary database to deliver accurate, unbiased and trusted ratings. These fair-to-market valuations are a crucial tool for those who view art as an alternative financial asset class and, along with other financial art performance indicators, serve as the basis for the ARTBnk indices. In addition to data services, ARTBnk provides solutions and tools for wealth management, insurance, credit, and finance communities, as well as apps for art professionals and collectors. More at: https://www.artbnk.com
Our goal is to unleash the potential and opportunities of the alternative investment market for investors through innovation, technology and market expertise. Driven by our vision to create a modern financial operations infrastructure and marketplace for investing in alternatives, our easy-to-use blockchain-based technology solutions are designed to bring about true digital transformation for our clients.
Our customizable and turnkey technology solutions enable expanded investor access and participation, enabling asset managers, custodians, transfer agents, RIAs, broker-dealers and investors to participate in the alternative investment market safely and efficiently, while remaining compliant.
iownit partners with like-minded organizations that are also trying to transform the alternative markets for a digital future, and we are actively expanding our network of third-party brokers/dealers who are ready to embrace the digital transformation for private markets.
Securities are offered through iownit’s subsidiary, IOI Capital and Markets, LLC (“IOICM”). Member of 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]
This is a marketing communication and is for informational purposes only. This document does not constitute a recommendation to buy, sell or hold any securities and does not constitute an offer to sell or the solicitation of an offer to buy any securities. 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. The duplication, publication, removal or transmission of the content, in whatever form, is not permitted.
Securities offered on the iownit ATS have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Assets listed here, such as digital assets or tokens using blockchain, are speculative, high-risk, 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 level of risk. Investors must be able to afford to lose their entire investment. To learn more about blockchain and how iownit uses this technology, please visit:
For more information, please contact:
For ARTBnk: Graham MillerSphere Consulting+1-202-862-5522[email protected]
For Iownit[email protected]
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