Tokeny to Power Tokenized Art for Artory as it Seeks to Broaden Trading Platform Access


Tokeny, a Luxembourg-based tokenization platform, has revealed a partnership with Artory to “unlock the  $1.7 trillion art market through the market tokenization, enabling greater access and liquidity to the asset class.

Fine art is said to have outperformed the S&P 500 for over 20 years, with values rising more than 71% in the past decade.

Artory, founded in 2016, reports tokenized art and collectibles worth over $1.5 billion. The Artory Registry claims to be the first platform to record artwork information on the blockchain when Artory partnered with Christie’s. Starting in 2021, Artory has tokenized physical artworks to prepare them for safe trading in the digital financial markets. Artory/Winston, a joint venture between Artory and Winston Art Group, is currently offering its first security, a diversified fine art fund listed on Securitize.  The Reg D 506c securities offering is accepting investors now at a $10,000 minimum.

According to Tokeny, Artory has chosen to expand its tokens with the ERC3643 standard to avoid restriction to a single local trading platform and take advantage of the standard’s on-chain compliance thanks to its built-in identity system. The digital securities using this standard are interoperable with any other trading venue, centralized or decentralized, that uses the same blockchain network.

Nanne Dekking, founder and CEO of Artory, says the reliability of the data about any piece of artwork and the expertise of the specialists recording that information is the prerequisite for unlocking liquidity in the art market. Dekking explains that after seven years of working in the art tokenization market, they want to make tokenized art accessible across platforms.

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