New Fractionalized Art Investment Platform Freeport Plans Launch with Warhol Prints

Freeport, an online investment marketplace for tokenized art, says the Securities and Exchange Commission has completed the review of its offering documents, and it anticipates qualification soon.

Freeport will be leveraging the Reg A+ securities exemption to offer investors to participate in art investment. Freeport states that it will commence activity with a series of Andy Warhol prints, including “Marilyn” (1967), “Double Mickey” (1981), “Mick Jagger” (1975), and “Rebel Without a Cause (James Dean)” (1985). The prints were partially acquired from the collection of Jane Holzer. A waitlist has been created for interested investors, and each print is limited to 1000 investors of the digital assets.

Freeport turns art ownership into fractionalized shares by utilizing Ethereum.

Freeport notes that investors may display their pieces in a high-resolution personal gallery, and interact with other community members.

Freeport did not mention a secondary trading platform to allow investors to exit digital asset holdings.

Colin Johnson, CEO and co-founder of Freeport, said that as more value moves on-chain, fractionalized art is being sought by a younger class of investors.

“Our platform goes far beyond just fractionalizing shares of fine art into security tokens—we’ve built a fully-immersive and interactive platform hosting an art-centric community and redefining the ownership experience surrounding fractionalized art.”


Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!



Sponsored Links by DQ Promote

 

 

Send this to a friend