Wave Financial to sell Tezos-based partner developer to sell $ 20 million Whiskey token fund

According to the news of the chain, digital asset management company Wave Financial will tokenize the annual production of Kentucky’s bourbon whiskey, providing global investors with the opportunity to invest in the growing US whiskey market. Kentucky ’s annual output is approximately 10,000 to 20,000 barrels of bourbon whiskey with a value of up to $ 20 million. The tokenized fund is called “Wave Kentucky Whiskey 2020 Digital Fund” and represents up to 4 million bottles of bourbon whiskey. Dedicated digital asset funds are sold publicly. The token will comply with U.S. SEC regulations and can be purchased by qualified investors around the world, and the company is currently using Verzoo, a developer partnered by Tezos, to create the token. This can expose investors to the appreciation of bourbon whiskey. Unlike many other consumer products that lose their value over time, the older the whisky becomes, the more valuable it is, especially bourbon whiskey. The $ 1,000 per barrel during the secondary distillation increased to $ 4,000 a barrel five years later.

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