Fractional investment platform Investables readies for UK launch
Alternative fractional investing platform Investables, a new fintech start-up focused on collectable assets, is gearing up for launch in the UK.
Investables acquires and verifies rare collectibles and brings them together into collections. The firm then divides each collection into fractions using blockchain technology, so that retail investors can purchase fractional shares in the collection at a suitable price point for them.
While rare and collectable asset classes have generated high returns for decades, Investables says they have typically been closed off to retail investors due to the high cost of entry.
The company was founded in April 2022 by Dmytro Lokshyn, Oleh Shkinder and Viktor Shalhinov, “a team of experts in the fintech and blockchain space who have decided to bring the best out of both worlds into Investables”, the company says.
Every collectable is authenticated, appraised and documented before a third-party company insures the items. Users then buy shares in the collectibles, depositing funds from a bank account or credit card, or by using cryptocurrency.
Investables leverages blockchain technology to mint Non-Fungible Tokens (NFTs) fully backed by the physical assets that are stored in a vault. The technology also ensures any investment is 100% secure and publicly verifiable with prompt transaction speeds and full immutability.
Users can track their fractional investments in a portfolio and learn about the condition, warranty status, authenticity and any other additional information of a collection through the platform.
Investables does away with the need to have a large upfront cash payment to invest in vintage assets, as the cost is shared between multiple stakeholders. Users can spread the risk across collections of multiple luxury items, diversifying their portfolio.
If a user owns 100% of all fractions of a specific asset, the user can also request a physical transfer of the asset from Investables.
Investables is currently at pre-launch stage but people can sign up for its early access programme.