Culture Club: Can tokenization unlock art’s hidden wealth?

The Evening Runway with Hongbin Jeong, Roshan Gidwani and Chua Tian Tian

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9d ago 15:05

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Imagine a world where art is not confined to prestigious galleries or exclusive auctions but accessible to anyone, anywhere.

That has now been made possible with the era of tokenization, a groundbreaking concept that is the key to unlocking art’s hidden wealth.

Back in 2021, Sygnum, a digital asset bank, and Artemundi, an art investment pioneer, partnered to tokenize Picasso’s Fillette au béret painting.

This marks the first time the ownership rights in a Picasso, or any artwork, are being broadcast onto the public blockchain by a regulated bank, enabling investors to purchase and trade “shares” in the artwork.

But how far can tokenization or blockchain technology revolutionize the art industry?

Gerald Goh, Co-founder and CEO Singapore, Sygnum explains.

Presented by: Hongbin Jeong and Roshan Gidwani

Feature produced and edited by: Nadiah Koh

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