Kentucky Distiller Tokenizes Up To $20M of Bourbon Whiskey
Cointelegraph
Published Mar 19, 2020 05:39PM ET
Updated Mar 19, 2020 07:20PM ET
United States-based Wave Financial Group will manage the tokenization of up to $20 million worth of bourbon whiskey produced by Kentucky-based Wilderness Trail Distillery.
Wave told Cointelegraph in an email sent on March 18 that the firm will tokenize between 10,000 and 20,000 barrels of liquor so it can be offered through a specialized digital asset fund. The “Wave Kentucky Whiskey 2020 Digital Fund” will allow investors to purchase tokens linked to the inventory of whiskey barreled this year, which is estimated to represent up to four million bottles of bourbon.
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Written By: Cointelegraph
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