BOURBON THE BLOCKCHAIN: $20 Million Tokenized 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.
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:
- Benefits of Digital Securities
- Efficiency of Real Estate Tokenization
- Increased liquidity of Real Assets with Security Tokens
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