MakerDAO and CurioInvest collaborate to expand investment opportunities into real-world assets
Vaduz, Liechtenstein; January 19th, 2020 — CurioInvest.com
Connecting DeFi with real-world assets: CurioInvest integrates MakerDAO to sell tokenized collectible Cars for Dai
CurioInvest, a Liechtenstein-based digital asset firm that purchases, insures, stores, and tokenizes individual ultra-rare vehicles, has partnered with MakerDAO, a leading decentralized organization in the DeFi space. The collaboration allows payouts of collectible car investments in the Dai stablecoin. Inspired by impressive results achieved through auctions of limited-edition and other rare cars, CurioInvest already successfully tokenized a legendary Ferrari F12TDF collectible car, of which only 799 were manufactured.
Today, the CurioInvest/MakerDAO collaboration marks an achievement in creating greater liquidity for collectors and investors of rare-assets without having to suffer the hassles and high premiums emblematic of traditional financing services.
The first CurioInvest tokenized collectible resulting from the MakerDAO integration will be an ultra-rare collectible from a german manufacturer and released in the coming weeks. Payouts for the sale of the vehicle will be available also in Dai, MakerDAO’s decentralized stablecoin, one of the most-used cryptocurrencies in the DeFi space. This payout option will introduce Dai to the CurioInvest community and bring further utility to the global ecosystem of Dai Holders.
The purchasing process is simple and enables anyone to invest in premium collectible cars via the Ethereum blockchain. The purchase price of every single vehicle is crowdfunded by selling “car tokens” to investors on the CurioInvest platform. The issue price for each token is valued at 1 USD and represents a portion of the vehicle’s value. If CurioInvest exits the car, token holders share the proceeds proportionally to their investment. Any proceeds can then also be distributed in Dai. Investors can also exit their investment by selling their tokens to other collectors. Investors may further diversify their portfolios by purchasing tokens that represent investments in other cars. Learn more here.
A revolution in collectibles. Be part of it and make history with us.
With a pipeline of over 500 ultra-rare collectible and sports cars, including fabled brands such as Mercedes-Benz, Bugatti, and McLaren, CurioInvest allows anyone to build the automobile collection of their dreams. Backed by the novel Liechtenstein’s blockchain legal system and the permissionless Ethereum blockchain, investing in fine automobiles is now just a few clicks away.
CurioInvest provides a technology platform for investments in ultra-rare cars and the creation & management of institutional-grade digital assets. Asset managers and private investors will be able to diversify in top-vetted tokenized collectibles that trade at stock markets. In the $20B collectible car market, CurioInvest offers the highest security, full automation, and a customizable yet highly scalable wealth-tech solution based on DLT. The company was founded by a former team member of kooaba after the exit to Qualcomm. Within just two years of foundation, CurioInvest has created a significant footprint in the industry considered by UBS Future of Finance and McKinsey’s venture program among the top 10 Swiss FinTechs.
DeFi ecosystem with Curio.
CurioInvest is also involved in other projects: Curio StableCoin Protocol, which includes Curio Governance Token (CGT) digital asset, and Capital DEX — Swiss-based decentralized exchange for Curio ecosystem tokens such as CGT, CUR, Security Car Tokens. CGT is a major asset in the Curio StableCoin Protocol and the Curio ecosystem as a whole. CGT is used to manage the protocol and participate in the Curio DAO community of its holders, it will be launched hybridly on the Ethereum network and its own Curio Parachain connected to Kusama and then to Polkadot.
For questions about the CurioInvest offering
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MakerDAO is a decentralized organization dedicated to bringing financial stability and transparency to the world economy. MakerDAO enables the generation of Dai, the world’s first unbiased currency and leading decentralized stablecoin. Dai mitigates volatility through an autonomous system of smart contracts called the Maker Protocol, as well as through decentralized community governance.
The Maker Protocol, as one of the largest decentralized applications (dapps) on the Ethereum blockchain, was the first decentralized finance (DeFi) application to earn significant adoption. All Dai is backed by a surplus of collateral that has been individually locked into audited and publicly viewable Ethereum smart contracts.