Galaxy Digital announced the tokenization of a Stradivarius violin owned by Yat Siu, co-founder of Animoca Brands. The violin, crafted in 1708 and valued at around $9 million, once belonged to the Russian Empress Catherine the Great. Galaxy Digital stated that this signifies a significant advancement in the application of blockchain technology to unlock the value of unique real-world assets. Siu will use the tokenized violin as collateral for financing Galaxy Global Markets' operations.

Odaily Planet Daily News: Galaxy Digital, a company owned by Michael Novogratz, announced the tokenization of a Stradivarius violin owned by Animoca Brands co-founder Yat Siu. The violin, crafted in 1708 and valued at around $9 million, once belonged to Empress Catherine the Great of Russia. Galaxy Digital stated, "This iconic instrument, renowned for its unparalleled craftsmanship and long history, being tokenized signifies a significant advancement in the application of blockchain technology in unlocking the value of unique real-world assets." The statement also mentioned that Siu will use the tokenized violin as collateral for financing Galaxy Global Markets business. (The Block)

Galaxy Digital tokenizes the Stradivarius violin owned by Yat Siu, valued at $9 million.