A Financial Firm Is “Tokenizing” Whiskey. Here’s What That Means.

Published by
InsideHook

By Kirk Miller Whisky is a good investment and NFTs are a thing. But the pairing of the two sounds incomprehensible. Add in a cryptocurrency angle and it all seems like more trouble than it’s worth. The good news is that what Wave Financial Group is doing with its Whiskey Fund doesn’t seem like some sort of digital boondoggle. While the investment firm uses the phrase “tokenization” in its pitch (bringing to mind NFTs, aka non fungible tokens), there is actual whiskey, in barrels, that’s being bought, cared for and eventually sold. But what exactly is a digital asset fund, how does this apply …

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