Public sale for ownership of the world’s largest carved sapphire scheduled for Nov. 16
NEW YORK, NY / ACCESSWIRE / November 1, 2021 / Millennium Fine Art Inc. (MFAI) today announced that its wholly owned subsidiary, MS Token LLC, is conducting a Securitized Token Offering (STO).
The STO public sale will commence on November 16th at 12 p.m. EST with a minimum purchase of $500. A total of 150 million tokens will be minted and made available at an STO price of U.S. $3.50 per token. This offering will be conducted through Registration S and Registration D platforms filed with the Securities and Exchange Commission, so any non U.S. citizen or accredited U.S. investor can participate.
The STO offering levels the playing field by eliminating the ability for naked short sales. A security token represents a tradable financial asset. Every trade on the blockchain is recorded, making it safe and easy to own a piece of the Millennium Sapphire, the world’s most famous blue sapphire.
“As soon as I learned about this project, I knew I had to hop on board,” said Adam Swig, an early investor in the Millennium Sapphire and the Executive Director of the non profit Value Culture. “Arts and culture are very close to my heart. How often do people get a chance like this to own part of one of the most incredible gems in the world? With NFTs just getting off the ground this was an opportunity that couldn’t be missed.”
MFAI owns the Millennium Sapphire through subsidiary MS Token LLC (MS Token) and whose main business model is institutional and retail NFT sales.
MFAI CEO, Daniel Mckinney added, “We are proud to launch as the most important art STO ever securitised. We’re currently the leading NFT studio in the world as Millennium Sapphire Studios and MS Token have already signed $37.67 million of NFTs in institutional sales this year.”
MS Token has already been approved to trade on CryptoSx after the public sale closes. www.cryptosx.io
