PhillipCapital launches Digital En Primeur Wine-Based Tokens, offering exclusive alternative investment opportunities in luxury wines
SINGAPORE, 27 December 2022 – PhillipCapital today announced that it has issued the company’s first Digital En Primeur Wine-Based Token, providing an attractive alternative investment opportunity to cater to the needs of modern-day investors. The wine tokens, also known as ‘the En Primeur tokens’ (EP), will be traded on Alta’s exchange platform, a private securities exchange licensed by the Monetary Authority of Singapore. Each asset-backed securities (“ABS”) digital token is linked to a parcel of 36 bottles of 16 wine labels, representing the finest wines of the 2020 Bordeaux EP vintage such as Lafite Rothschild, Haut Brion, and Mouton Rothschild.