Wave Financial has launched second whiskey fund, which offers investors access to a real asset fund with tokenized, tradable assets pegged to whiskey barrels.
In 2020, Wave launched its first tokenized fund for whiskey barrels. The Wave Kentucky Whiskey 2020 Digital Fund closed in December 2020 with more than 2,700 barrels included in the portfolio, which its projections suggest may increase in value by three to five times over five years.
“We are thrilled to introduce a second fund of this nature and offer investors another path to access an otherwise hard-to-reach asset class,” said Benjamin Tsai, president and managing partner of Wave Financial Group. “By leveraging digital tokens that represent shares in the fund, investors will be able to trade on a regulated crypto exchange as the barrels appreciate in value over time.”
Similar to the first iteration of the fund, the 2021 iteration will include Kentucky bourbon and rye whiskey from Wilderness Trail
