The Royal Museum of Fine Arts Antwerp (KMSKA) has now become the first European museum to use an Art Security Token offering to enlarge their art collection. This enabling a broad spectrum of art lovers and the general public to invest in a museum-quality piece of art.
The issue of Art Security Tokens is bound by the financial legislation and the monitoring of this by the supervisory authorities. This distinguishes Art Security Tokens from unregulated tokens such as Bitcoin and NFTs, which generally do not have a clear legal framework yet.
The tokens will give the investor a fractional ownership in the masterpiece. After a period of 10 year custodianship in the museum of Fine Arts in Antwerp the masterpiece will be sold. The actual token holders will share the potential profit. As a token holder, you don't need to wait until the end of the term to cash in your investment. You can sell Art Security Tokens on the Rubey platform bulletin board.
With this project, our client aims to contribute to an increase in cultural, economic and social value. Among others, it will foster financial inclusion and provide museums with a new way of funding masterpieces in times where traditional ways of funding are drying up.
The innovative legal structure that we are setting up is meant to be duplicated for other art pieces in the future.