Want A Hypercar? You can now get one with Huobi Token on CurioInvest.com

Vaduz, Lichtenstein, 22nd of May, 2020 – Imagine bringing a collectable rare car to trade on stock markets – just like stocks. Imagine a legendary racing bolid or a most exotic car displayed under beautiful lights in the most prestigious location, with stylish billboards showing current trading values – and inviting people to become co-owners by buying its digital tokens on the stock exchange.

CurioInvest, a leading fintech and a Top Pick by Techcrunch and UBS, built the first in the world platform to trade unique cars on stock exchanges. CurioInvest tokenizes collectable hypercars, giving everyone the opportunity to purchase tokens pegged directly to the value of each specific car. 

CurioInvest plans to bring 500 cars worth $200 million to be purchased with HT Token.

With the support of Huobi Token on CurioInvest marketplace, its users could invest or make purchases of cars and have access to the future growing pipeline of over 500 cars on the platform. Until now, previously reserved only to the world’s richest investors. Sign up on CurioInvest.com to become among the first to purchase car tokens and pay with HT token – just like that. 

Rare cars have demonstrated outstanding financial performance over decades (per UBS, Credit Suisse, Knight Frank among others), and are recognized among future-proof real assets in a world where governments are pumping trillions of dollars as ‘stimulus’. CurioInvest’s vision is to turn collectable cars and other objects of art and passion into a profitable asset class

“We are excited to partner with Huobi,” – “Huobi has proven they are a leading platform with global outreach which further supports CurioInvest in providing access to exotic car investing to the greater audience”– said Fernando Verboonen, CEO of CurioInvest,

Ciara Sun, Head of Global Business and Market at Huobi, stated that “it’s a big step in expanding HT’s footprint outside our direct ecosystem and making real assets such as collectable cars accessible to the general public.”

About CurioInvest

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 can now diversify in top vetted tokenized collectables that trade at stock markets. In the $20B collectable 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 2 years of foundation, CurioInvest has created a significant footprint in the industry considered by UBS Future of Finance and McKinsey’s venture.ch program among the top 10 Swiss FinTech’s.

A revolution in collectibles. Be part of it and make history with us. 

About CurioInvest

If you’re an investor or collector and want to learn more about tokenized cars, visit CurioInvest to learn more about our upcoming assets and Investor relations. If you want to schedule a call to discuss your asset more in-depth, reach out here.

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 collectables that trade at stock markets. In the $20B collectable 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 2 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. 

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About Huobi

About Huobi Group

Consisting of numerous upstream and downstream enterprises, Huobi Group is a leading global blockchain company. Established by Leon Li in 2013, the company’s Huobi Global exchange accumulative turnover exceeds US $2 trillion. Huobi proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 130+ countries.

The race to create the next wave of blockchain innovation

curio invest - the race to create the next wave of blockchain innovation
curio invest - the race to create the next wave of blockchain innovation

It has been a wild, crazy journey – in the past decade, events in the crypto world have had all the elements of a Hollywood blockbuster. First, we had the origin story: Satoshi Nakamoto, the enigmatic author of the legendary Bitcoin white paper published in 2011, who has remained shrouded in mystery. Then, we had The Wolf of Wall Street era – the wide-eyed optimism, hype, and bluster of the crypto boom in 2017. Nowadays, the crypto market is more reminiscent of a grisly survival movie like The Revenant, as blockchain firms battle to escape the crypto winter after being mauled by the bear market.

So what comes next? You’ve probably never seen a Hollywood blockbuster about prudent, incremental government regulation. With good reason – let’s face it, that would be a really boring movie. But the fact is that most industry insiders now say that if blockchain is to enter the mainstream and fulfill its potential, it needs to leave all the drama behind. For this to happen, a stable regulatory foundation will be essential.

That’s why a number of jurisdictions are now in a race to create a solid legal foundation for the next wave of blockchain innovation. At the top of the pack, two neighbouring countries at the heart of Europe, Switzerland and Lichtenstein, are often mentioned as regulatory pioneers.

Indeed, despite the ravages of the crypto winter, the blockchain sector has actually expanded in Switzerland and Lichtenstein, with the number of firms using blockchain technology increasing 20% in 2018. This can be partially attributed to significant progress on the regulatory front.

Switzerland
In December 2018, the Swiss government published a wide-ranging blockchain strategy, which aimed to create the legal underpinnings of the blockchain industry. Unlike territories like Lichtenstein and Malta, which opted to create bespoke legislation, Switzerland has opted to amend existing legislation to accommodate the blockchain sector. The aim is to allow emerging blockchain firms to innovate and grow by integrating them into the wider Swiss financial market, which has thrived for decades.   

In contrast to the regulatory systems in the US and EU, Swiss financial laws tend to be based on broad principles rather than prescriptive definitions. This gives the financial regulator FINMA a considerable degree of leeway to exercise discretion in individual cases. This flexibility can be a huge asset when trying to protect investors and eliminate fraud, without curtailing the creative freedom of innovative startups.  

For those launching a security token offering (STO), it will soon be possible to register with FINMA so that tokens can be sold and traded legally. In addition, proposed amendments would give smart contracts a foundation in law, so that they can be used to legally define the rights of token holders.

Gutenberg Castle in Liechtenstein. Source: Guido Radig via Wikimedia [CC BY 3.0]

Lichtenstein
Lichtenstein is a tiny microstate nestled in the mountains on Switzerland’s eastern border. Although both Switzerland and Lichtenstein share the same currency, there are some pretty major differences in terms of how the countries are run: while Switzerland has one of the most decentralised political systems in the world, Liechtenstein likes to keep it old school with a constitutional monarchy.

But while this all might sound a bit 18th Century, the current Crown Prince, Alois, is actually very tech savvy and enthusiastic about blockchain technology. Unlike Switzerland, Lichtenstein has opted to create tailor-made legislation to regulate the industry. The Blockchain Act focuses on regulating the transfer of digital assets and defining trusted technologies that can be used by businesses seeking to leverage distributed ledger technology (DLT).

Another major advantage of Liechtenstein for firms launching an STO is that unlike Switzerland, it is a member of the European Economic Area (EEA). Thus, as long as the project gains regulatory approval from the Financial Market Authority of Liechtenstein, the security tokens can legally be traded throughout the EU and in the EFTA member states of Iceland, Norway and Switzerland. In addition, the token is given an International Securities Identification Number (ISIN) which means that it can be traded on traditional financial markets like a conventional security.

ferrari f12tdf interior
Curio Invest is launching one of the world’s first tokenized supercars: a Ferrari F12tdf

The best of both worlds
It is for these reasons that Curio Invest opted to create a base both in Switzerland and Liechtenstein. While Switzerland offers the thriving blockchain ecosystem of crypto valley, Liechtenstein provides a unique way to launch a fully legally compliant and tradable asset-backed security token. By leveraging the best of both worlds, Curio is launching one of the world’s first tokenized supercars: an STO directly backed by a Ferrari F12tdf. Click here to find out more.