United States, September 13, 2020 / AlexaBlockchain/ – Investment management firm Wave Financial announced that it has received its first round of investment from clients for Wave Kentucky Whiskey 2020 Digital Fund.
Wave Financial also said that it has purchased a 1,000 barrels of Kentucky whiskey it plans to tokenize for prospective investors.
Wave Financial launched the Wave Kentucky Whiskey 2020 Digital Fund in March 2020.
“Our extensive research has shown that the returns from aging Kentucky bourbon are very stable and strong over the circa five-year period it spends in barrels before being bottled,” Benjamin Tsai, president at Wave Financial, said. “So we are delighted to be able to provide investors with exposure to this price appreciation.”
The tokenized investment offering aims to offer investors exposure to the whiskey’s value appreciation over time and share in some of the proceeds gained when the whiskey is sold to wholesalers in the market.
