BOURBON THE BLOCKCHAIN: $20 Million Tokenized Whiskey Fund

Picture of Barrels of whiskey in a distillery to show the physical assets tokenized as a whiskey fund.

BOURBON THE BLOCKCHAIN: $20 Million Tokenized Whiskey Fund

Picture of Barrels of whiskey in a distillery to show the physical assets tokenized as a whiskey fund.

On Thursday, October 8, 2020 the CBREC joined together with Benjamin Tsai, president of Wave Financial, who explained how they tokenized a $20 Million fund with whiskey as the asset. Ben gives a holistic look at the process of not only tokenizing a whiskey fund with blockchain-based security tokens, but also making the Wilderness Trail whiskey investors can capitalize on. The CBREC is sponsored by Liberty Real Estate Fund.


BENJAMIN TSAI – PRESIDENT OF WAVE FINANCIAL Benjamin Tsai is an entrepreneur and financier in startup and real estate with 15 years of experience developing global investment solutions across Asian client segments. He is the president and managing partner of Wave Financial, which offers venture investment, crypto-treasury management, and services for digital asset management. Wave Financial (formerly known as Genesis Holdings) is also the parent company of Wavemaker Genesis, a new cryptocurrency venture fund.
You can listen to the presentation here:

Timestamped Shownotes:

01:15 – Michael Flight, CEO of Liberty Real Estate Fund LLC, gives an update on Liberty Fund’s progress

02:32 – Host of CBREC Adam Carswell introduces Benjamin Tsai, President of Wave Financial

03:50 – How and why did Wave Financial decide to tokenize a whiskey fund?

08:55 –  What were the projected returns of the tokenized whiskey fund?

12:16 – What is the biggest risk of the tokenization of the whiskey fund and how did Wave Financial address this?

13:29 – What is the process of making Wilderness Trail Whiskey?

15:52 –  What is the buying and selling process for the hard asset Whiskey being tokenized?

16:17 – What are the potential buyers in the market for the whiskey fund?

18:40 – What are the largest international commodities markets for whiskey?

19:40 – What is the timeline for selling the whiskey fund to maximize profits for investors?

20:42 – How do security tokens add liquidity to the hard assets and generate wealth?

22:26 – Why wait to tokenize the whiskey fund after the first year?

25:10 – How does tokenization increase the security of investments on the Blockchain?

25:38 – How do investors’s dividends increase with blockchain technology for digitized assets?

30:44 – What is a Private Equity (PE) Fund?

31:18 – What is the Singapore “sandbox”?

34:31 – How are investors joining a private equity fund when investing in security tokens?

37:07 – What is the difference in managing a security token fund versus a private equity offering?

40:01 – How is the China market developing for blockchain technology?

42:10 – What were the biggest challenges Ben Tsai of Wave Financial had to face setting up the tokenized whiskey fund?

3 Key Points:

  1. Benefits of Digital Securities
  2. Efficiency of Real Estate Tokenization
  3. Increased liquidity of Real Assets with Security Tokens

The Chicago Blockchain Real Estate Collective is sponsored by:

*Note: Liberty Real Estate Fund LLC and Liberty Equity Management LLC (collectively have made every attempt to ensure the accuracy and reliability of the information provided. Liberty cannot not accept any responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained herein. The information herein considered legally-binding legal advice, tax guidance, or financial counsel.

The CHICAGO BLOCKCHAIN REAL ESTATE COLLECTIVE (CBREC) is a meetup for finance professionals, technologists, researchers, software developers, engineers, entrepreneurs and relevant real estate stakeholders interested in understanding applications of blockchain, distributed ledger, smart contracts, security tokens, and asset tokenization for commercial and residential real estate. For future meetings and more information on the Chicago Blockchain Real Estate Collective go HERE.

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