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Galaxy Digital Tokenizes 316-Year-Old Violin to Back Loan
Posted
June 4, 2024
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June 4, 2024
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3:55Now PlayingGalaxy Digital made a multimillion-dollar loan to Yat Siu, co-founder of Animoca Brands, which is backed by a violin that was once owned by Russian Empress Catherine the Great. Galaxy will hold both the tokenized version in the form of a nonfungible token, and the violin itself, as collateral against the loan. CEO and Founder Michael Novogratz joins "Bloomberg Crypto" to discuss broadening its lending business.
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