Wave to launch tokenized whiskey fund on NEM blockchain platform
NEM, the blockchain infrastructure ecosystem, and Wave Financial Group, a blockchain asset management firm, today announced that they will launch the Kentucky Whiskey Digital Fund token on NEM’s Symbol platform when it goes live later this year. This follows the announcement that digital asset manager Wave Financial Group is working with Kentucky-based Wilderness Trail Distillery to launch a fund with up to 25,000 barrels of 2020-vintage bourbon, equivalent to a year’s production.
Commenting on the news, Wave Financial President and Manager of Fund, Benjamin Tsai, “Kentucky Bourbon represents a huge opportunity for investors – as many assets lose value over time, whiskey accrues value due to its unique barrel aging process. As a registered investment advisor in California, Wave Financial has previously tokenized on Ethereum, but are leveraging Symbol’s unique capabilities for this fund.
