ARTEX launches first regulated art exchange
18 January 2023
ARTEX MTF AG from Liechtenstein has been granted a stock exchange license. As the first regulated art shares exchange, ARTEX aims to democratize the fine art market, making it more inclusive and accessible. The masterpieces from the Renaissance to the twentieth century listed there will be on public display around the world.
ARTEX plans to become the world’s first regulated art shares exchange, democratizing the fine art market and thereby enabling millions outside the elite to invest in this asset class. The Liechtenstein company has now been granted a license by the Financial Market Authority Liechtenstein to operate this first-of-its-kind art investment platform based on the blockchain.
“Operating a trading venue under one of the most demanding regulatory frameworks in the world brings a high level of confidence that has been crucial to the success of our project,” commented Prince Wenceslas of Liechtenstein, ARTEX Co-Founder and Chairman. According to Yassir Benjelloun-Touimi, ARTEX Co-Founder and Chief Executive Officer, the company is nearing its first listing on the exchange. Art shares will be admitted to trading on ARTEX through an initial public offering.
ARTEX will initially focus on artworks from the world’s greatest masters, spanning a period from the Renaissance to the twentieth century. Each artwork will be held by a public limited company established in Luxembourg. ARTEX-listed masterpieces will be on public display in museums and exhibitions around the world. In addition, ARTEX will strive to empower investors by offering the latest news, market insights and educational content.
Art shares are expected to have an initial nominal value of €100. Shareholders will not bear any of the running costs, such as those associated with the administration of the company, the custody of the artwork or insurance premiums.