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International Business Times
International Business Times
Business
Marvie Basilan

Galaxy Digital Tokenizes Yat Siu's 300-Year-Old $9M Stradivarious Violin

Yat Siu Galaxy Digital blockchain Michael Novogratz Animoca Brands Russia
Representation. A violin. (Credit: Pixabay)

KEY POINTS

  • The Stradivarious violin was made in 1708 and is now owned by Animoca Brands co-founder Yat Siu
  • Siu is said to be using the tokenized violin "as collateral" for a Galaxy Global Market business loan
  • Galaxy's Michael Novogratz said the development will set the precedent for how RWAs are integrated into the digital economy

Blockchain firm Galaxy Digital has tokenized a Stradivarious violin valued at around $9 million, marking one of the most significant tokenization developments in the history of tokenized real-world assets (RWAs).

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