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

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  Do you have a story to tell on The Evening Runway show? Contact [email protected] omnystudio.com/listener for privacy information.