Cryptocurrencies

Want to Own a Ferrari? Now You Can Through a New Digital Token

CurioInvest and MERJ Exchange partner on classic cars token
Plan to bring about 500 cars worth $200 million to exchange

How Merj is planning to help bring 500 ultra-collectible cares to market by fractionalizing the ownership of the cars using digital tokens.(Source: Bloomberg)

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By Vildana Hajric and Matthew Miller

January 31, 2020 at 3:40 AM EST

Updated on

January 31, 2020 at 7:41 AM EST

Always dreamed of owning a Ferrari but can’t afford it? Well, this may sound vaguely familiar: The blockchain has a solution for you.

CurioInvest, an investment platform, and MERJ Exchange Ltd., a Seychelles-based digital asset exchange, are partnering to offer tokens backed by collectible cars. The companies say tokenizing the luxury assets as an investment could make them widely accessible to a bigger pool of people.

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