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01.12.2021 | Tech and Business News

Timeless Opens Investments in Luxury to Everyone

“Timeless is for investors interested in rare collectables, ranging from watches and shoes to classic cars and art,” says Jan Karnath, CEO and co-founder of the Berlin-based company. “It is our mission to provide smaller investors the opportunity to attain such assets through tokenization and fractional ownerships”. Instead of “leaving attractive treasures only accessible to the elite”, the Timeless platform uses blockchain technology to make rare and valuable collectibles available to average consumers – albeit only as shares of a real physical object that remains in the hands of Timeless. However, when the value of the object increases, you can sell your shares. AiUpNow reports that Timeless, founded in 2018, has secured €12 million in order to buy up more assets.

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