Tokenized whiskey fund buys first 1,000 barrels of Kentucky bourbon

Tokenized whiskey fund buys first 1,000 barrels of Kentucky bourbon


A fund launched in March with the aim of tokenizing up to $20 million worth of whiskey has announced its first successful investment round and the purchase of its first tranche of Kentucky bourbon.

Wave Financial Group announced Sept. 11 that its Kentucky Whiskey 2020 Digital Fund had bought an initial 1,000 barrels from the Wilderness Trails distillery.

Investors are expected to benefit from the spirit’s price appreciation during the aging process of around five to six years. As Cointelegraph previously reported, the value is expected to increase from around $1,000 per barrel to around $4,000 per barrel during this period.

Certain real-world assets such a whiskey are exceptionally difficult for investors to get exposure to, explained fund manager Benjamin Tsai:

“Our extensive research has shown that the returns from ageing Kentucky bourbon are very stable and strong over the circa 5 year period it spends in barrels before being bottled, so we are delighted to be able

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