MS Token’s STO sets the bar as the largest fine art securitization ever
NEW YORK, NY / ACCESSWIRE / November 16, 2021 / After successfully holding a pre-sale, Millennium Fine Art, Inc. (MFAI), is launching the public sale of the Millennium Sapphire through its wholly-owned subsidiary, MS Token, LLC. The Securitized Token Offering (STO) begins today at 12 p.m. EST. With a minimum purchase of $500, at $3.5 per token, investors can now own a pro rata share of the world’s largest carved blue sapphire.
A STO is a U.S. SEC regulated process of securitizing an asset on the blockchain via security token issuance. The security token represents a tradable financial asset. A STO is a superior alternative to an unregulated initial coin offering (ICO) or a more tedious initial public offering (IPO). Not only do investors enjoy fractionalized ownership, but also reap potential dividends by owning the tangible asset.
In addition to owning a pro rata share of the 61,500ct sapphire, token holders will also own the IP associated with the Millennium Sapphire, including potential dividends generated by the sales of the NFT studio. The NFTs produced by the studio draw inspiration from the carvings on the Millennium Sapphire. So far, the studio has announced $37.6 million in institutional NFT sales.
MS Token will commence trading in December on CryptoSx, www.cryptosx.io, after the public sale closes.
For more information about the Millennium Sapphire STO, please visit: https://mstoken.art/wp-content/uploads/2021/11/WhatsApp-Video-2021-11-12-at-7.17.14-PM.mp4
About Millennium Fine Art Inc., and MS Token LLC
With a treasure trove of exclusive content to draw upon, MS Token, the owner of the Millennium Sapphire, www.millenniumsapphire.com, has assembled a team of industry leaders to create a powerful NFT production studio, leveraging the content carved on the sapphire. Carved on the Millennium Sapphire are 134 scenes, representing the high points in human civilization over the past 5,000…
