The fund, created in March for the tokenization of whiskey in the amount of up to $20 million, announced its first successful investment round and the purchase of the first Kentucky bourbon.
On September 11th, Wave Financial Group announced that it’s Digital Fund Kentucky Whiskey 2020 has bought its first 1,000 bottles from Wilderness Trails distillery.
It is believed that investors will benefit from the increase in value of the alcoholic beverages over a period of about five to six years. During this period, the cost will increase from about $1000 per item to about $4000 per item, while the bourbon stays in its barrels.
“Certain real assets, such as whiskey, are difficult to provide to investors,” explained the fund manager Benjamin Tsai. – Our extensive research has shown that profits after acquiring Kentucky bourbon is stable and high for a 5-year bottle period, until the moment comes for it to be poured in the bottles. We are glad that we can help investors benefit from such an increase in prices.”
Despite the fact that Wave expects that the majority of investors will keep the asset during the entire period of time before being poured into bottles, already in the second year the asset will be tokenized. This will allow any investor, if they wish, to find a buyer and sell him his share.
The Fund’s access to the production facilities of the Wilderness Trails distillery is open for a year, and Wave continues to provide capital for further investment stages.
