Most securities deposits contain only a few stocks, bonds and funds. According to Carlo Kölzer, there could soon be shares of famous works of art, prominent buildings or sports stars. To this end, he founded 360X with a few associates, a company that wants to make alternative assets tradable. First, it will be about the market for art and real estate. Individual properties are too expensive for many investors. However, if they are made divisible as an asset, a significantly larger circle of investors opens up and the individual shares can be traded – a liquid market is created.
Daniel Mohr (dmoh), Economy Follow I follow
It is not yet that far, and tokenization, as the division is called in the professional world, is still in the development phase. However, the technology also arouses great interest in large companies. On Thursday, Deutsche Börse announced that it would acquire just under half of 360X for ten million euros, with Commerzbank holding a low double-digit percentage.
There is great hope that here, alongside stocks, bonds, commodities and foreign exchange, another large investment market will emerge. “We combine the best of two worlds,” says Kölzer. “An extremely innovative digital mapping of assets on a reliable, regulated basis.”
Great success with 360T
In the next few weeks, a handful of institutional investors should already be able to exchange tokens with each other. Over the course of the year, the market is expected to open up to institutional investors, including private investors next year at the earliest. “We are building up ecosystems here, finding someone to make their assets available, and then, after stress tests, we are approaching the opening for breadth,” says Kölzer, describing the next steps. In addition to real estate and art, he can also imagine sports as an area for digital investing in tokens.
