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Crypto

A Historic Violin Is Now A Tokenized Digital Asset

June 3, 2024
•
x min read

One of the most valuable violins in the world is now on the blockchain.

‍What’s happening:‍

  • Galaxy Digital (TSX:GLXY) has tokenized an iconic Stradivarius violin into a digital asset on the blockchain

Why it matters:‍

  • Tokenizing assets has become one of the hottest trends in crypto and also represents a significant use case for blockchain technology to disrupt traditional ownership methods
  • The Stradivarius violin represents one of the most expensive individual assets to ever be tokenized

By the numbers:‍

  • The Stradivarius violin is more than 300 years old and is worth approximately $9M USD

Going deeper:‍

  • The tokenizing of the Stradivarius violin will be used as collateral for lending, which will be facilitated by Galaxy Digital’s Global Markets business arm

The intrigue:‍

  • The violin is currently owned by the co-founder of crypto gaming company Animoca Brands

‍

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