Whiskey on Blockchain: Wave Financial Company Tokenized Bourbon of $20 Mln

Wave Financial is a bourbon tokenization company that provides investors around the world with access to the US whiskey market. The company announced that it had entered into an agreement with the Wilderness Trail Distillery in Danville, Kentucky, to tokenize from 10,000 to 20,000 barrels of bourbon whiskey for up to $20 million, which will be available to investors via a dedicated digital fund assets of Kent Kentucky Whiskey 2020 Digital Fund.

According to Wave Financial, the fund will present up to four million bottles of bourbon. Investors can benefit from the increased cost of alcohol. Investors will only be able to receive tokens only a year after their sale in accordance with SEC requirements.

Benjamin TSAI, President at Wave and manager of the Wave Kentucky Whiskey 2020 Digital Fund said:

“The Wave Kentucky Whiskey 2020 Digital Fund offers investors a rare opportunity to access this unique asset class traditionally unavailable due to high upfront costs and purchase minimums, low liquidity, scarcity of production capacity, and technical know-how. Waves partnership with leading distiller Wilderness Trail leverages Wave Financial’s expertise with Wilderness Trail’s operational excellence.”

Image courtesy of Kentucky Taste Buds