On the 6th of August, 2021, Reef Finance made the headlines with their declaration of a partnership with CurioInvest to activate fractionalized non-fungible tokens of real-world assets into fungible ones and introduce them into the Reef Blockchain.
True to its name, CurioInvest encourages one to get further involved in the universe of digital assets and to use their creativity to assemble solutions for cross-blockchain that are unique for each matrix. Be it an asset token for a Ferrari F12tdf or people trying to make an income from the decentralized launchpad of CurioDao DeFi CGT, CurioInvest will help you tokenize all bona fide assets.
On the other hand, Reef Finance specializes in a type of blockchain that can be easily upgraded and is EVM or Ethereum compatible. This chain is primarily built for promoting decentralized finance. People developing projects can deploy their previous ones or design DApps on Ethereum based on the Reef Blockchain.
What can one expect to get from this collaboration of CurioInvest and Reef Finance? According to the joint statement issued by the two organizations, they will be searching for profitable interactions that will add fungibility to tangible assets.
Earlier, exquisite artworks, designer cars, and other luxury items have usually been perceived as securities, as the CEO of CurioInvest, Fernando Verboonen, notes. He says that this collaboration will change the dynamics of the ownership of these assets- from being centralized in the hands of a few to being accessible for everyone, providing all the benefits that define them as assets equitably. All this will be possible by the inception of a different technology altogether.
CurioInvest will be tokenizing those assets which they predict will increase in value in the near future and in further years to come. Some of these assets are vintage cars, ornaments, and fine wine. They will be tokenizing approximately a whopping number of 1.1 million Ferraris, all of which will be safeguarded in a safe deposit in Germany.
Users will now be able to install the flagship dApp of CurioInvest, https://rollapp.store/, thereby availing all the opportunities present in the ever-expanding Reef ecosystem.