Antwerp's leading museum is taking steps to tokenize fine art.

In a groundbreaking initiative, the Royal Museum of Fine Arts Antwerp (KMSKA) plans to tokenize investments in fine art, starting with James Ensor's \"Carnaval de Binche,\" a captivating piece from 1924.

This initiative is designed to open up fractional ownership of the artwork to investors, with stakes starting at around 150 euros, which is roughly equivalent to 158 dollars.

The Royal Museum of Fine Arts Antwerp is collaborating with Rubey to enable lower investment thresholds. This innovative fundraising approach allows everyday individuals to become co-owners of significant fine art pieces that were previously only accessible to a privileged few. Tokeny Together, they've launched what's known as an \"Art Security Token Offering.\" This initiative will allow users to invest in art collectively and guarantees that the museum will secure the pieces on a long-term basis. The Art Security Tokens will be supported by various debt instruments.

According to Luc Falempin, the CEO of Tokeny, the introduction of security tokens is projected to create significant changes in the art industry by enabling smaller investors to engage with established artworks that already possess inherent value.

The Museum of the Future in Dubai is set to unveil a collection of NFTs.

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