A minority stake in Mintus Global Limited (Mintus) was acquired by Eurobank Asset Management MFMC (Eurobank Asset Management), a 100% owned subsidiary of Eurobank S.A. (Eurobank has acquired a minority stake in Mintus Global Limited (Mintus). In the future, this investment will lead to further collaboration between the parties in the area of alternative investment asset categories.
With the collaboration, Eurobank's expertise in alternative assets will be complemented by Mintus' high-tech solutions through the cutting edge fractionalized alternative asset platform provided by its FCA regulated subsidiary, Mintus Trading Limited, and Mintus Trading Limited will be able to provide access to a wide range of alternative assets through its cutting edge fractionalized alternative asset platform.
This investment underscores Eurobank Asset Management's commitment to harnessing breakthrough technology to benefit its clients, as expressed by the CEO of Eurobank Asset Management MFMC, Theofanis Mylonas. As a result of Eurobank Asset Management's history of seeking out innovative opportunities to add value to our stakeholders, this move builds on that legacy. We will be positioned at the forefront of the global financial landscape as a result of the resulting forward-looking asset management approach."
Tamer Ozmen, Founder and CEO of Mintus, stated that joining forces with Eurobank Asset Management MFMC solidifies his vision of transforming the future of investing by significantly expanding access to alternative assets. As a company, we believe it is essential to provide our clients with greater financial independence and collective prosperity by providing them with more investment opportunities.
This decision comes at a time when alternative assets are in demand due to their attractiveness as diversification tools, offering returns uncorrelated with both the stock and bond markets, as well as the potential return on these assets. According to Prequin, alternative assets under management are expected to reach $24 billion by 2021.There will be an increase of $13.5 trillion by 2028[1], up from $13 trillion now.In the year 2021, there will be 7. As a result of a study conducted by EY, it was discovered that the percentage of alternative allocation within a portfolio increases with net worth, ranging from 14% for mass affluents to 81% for ultra high net worth individuals[2].
As a result of a study conducted by EY, it was discovered that the percentage of alternative allocation within a portfolio increases with net worth, ranging from 14% for mass affluents to 81% for ultra high net worth individuals[2].
The fact that Eurobank Asset Management has invested in Mintus is an indication that the art market is evolving, as well as a testament to the growing acceptance of shared art ownership, according to Brett Gorvy, Chief Curator at Investment Mintus. It will be beneficial for both investors and artists in the future to have a more inclusive, democratic art market.
The following are some facts about Mintus:
As a result of increasing the allocation to alternative asset classes on the Mintus platform, Family Offices, Ultra High Net Worth Individuals, Institutions, and qualified mass affluent investors are able to gain access to assets previously inaccessible to them, as well as improve portfolio diversification and risk adjusted returns in a highly challenging geopolitical and economic environment..  An advanced platform harnesses cutting-edge technology to facilitate efficient scaling and to give investors a best-in-class investment experience when investing in digital assets..  It is possible to apply AI capabilities to asset selection across a wide range of asset classes. As a publicly traded company, Mintus operates in a regulated environment resulting in transparency and building trust through its PE grade investment committee and asset selection and exit process.
As a publicly traded company, Mintus operates in a regulated environment resulting in transparency and building trust through its PE grade investment committee and asset selection and exit process.
The bottom of the form contains the following information:
Editors, please take note of the following:
A shared ownership project by Mintus is subject to independent verification and valuation. All artworks are housed in a specialized and secure facility where they will be protected from harm. A minimum investment threshold of $3,000 is presented to the eligible investors, which includes certified high net worth, self-certified sophisticated or accredited investors. The registration process includes certification.
Mintus will actively manage the art investments until they are ultimately sold so that investors can exit their investments at any time. 
There is a detailed explanation of the investment and the risks included in the investment documents available to all qualified investors who successfully complete the sign-up process with Mintus. Investors are drawn to the following key risks as a result of the investment:
The shares held by investors are not traded on a recognised exchange. They are long-term investments. The company plans to operate a bulletin board in the future to allow investors to post information.
There is a high degree of risk associated with investing in shares, and compensation is not available in the case of a loss.
In addition, shares held by investors represent interests in a specific, pre-identified artwork, and the past performance of the art market, the work of a particular artist, or the performance of a specific artwork is not a reliable indicator of the future performance of those shares.
We at Mintus Trading Limited are authorised and regulated by the Financial Conduct Authority with the firm reference number 942522 in order to (i) arrange (bring about) deals in certain shares, securities, and debentures, (ii) make arrangements with a view to transactions in certain shares, securities and debentures (iii) arrange safeguarding and administration of certain shares, securities, and debentures, (iv) manage an unauthorised Alternative Investment Fund, and (v) agree to carry out the regulated activities.. Please refer to the Financial Services Register for more information on our regulatory permissions
Please refer to the Financial Services Register for more information on our regulatory permissions
The Future of Alternatives in 2028: https://www.preqin.com/insights/research/reports/future-of-alternatives-2028/
[2] EY Global Wealth Research Report for 2021
Tim Naylor, Account Manager at Lansons, can be contacted at +44 (0) 7983 612919 or via email. 
The source of this information is Mintus
If you'd like to receive PRN's top stories and curated news delivered right to your inbox each week, sign up now!

Source prnewswire