Bridging the Gap: AllianceBlock and ARTBANX Partner To Bring Art-Backed Financing to Web3

This strategic collaboration between AllianceBlock and ARTBANX will bring to life the tokenization of real-world assets and unlock new opportunities for the art market

Today we announce a strategic partnership with ARTBANX, the world’s most comprehensive, customizable and secure collection management system for collectors, art professionals and financial institutions.

This partnership between AllianceBlock and ARTBANX is a first of its kind in the market and is another milestone in bridging the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi).

ARTBANX’s art collection management, market data and financing infrastructure enable art to become a bankable asset class, which will be expanded with a marketplace built on blockchain technology. Nexera Protocol’s infrastructure and NexeraID’s identity management toolkit enable the tokenization of physical artworks and facilitate a marketplace for art. This unlocks more possibilities for art collectors by allowing them to access the liquidity of their physical art through a platform for real-world asset-backed financing with physical artworks as collateral. This further opens up more opportunities for the art community to provide liquidity and opens up the ARTBANX marketplace to a broader Web3 audience.

“This partnership is a prime example of how DeFi can be used to provide alternative financing options and bring us one step closer to making art a bankable asset class. “

Mads Boie Thomson · CEO and Co-Founder, ARTBANX

In the latest Art Market 2022 Report by Art Basel and UBS, the global art market grew by 29% year over year, growing by up to US$ 65.1 billion in aggregate sales of art, including a substantial growth of interest in digital art facilitated through NFTs topping at US$ 11.1 billion. Utilizing ARTBANX’s technology stack and AllianceBlock’s infrastructure, this new platform will offer a more straightforward way for art collectors to access the liquidity of their assets while still maintaining digitally-represented ownership of the underlying. This also allows a broader audience to participate in the burgeoning art market, with more ways to provide liquidity and benefit from the tokenization of real-world physical assets.

“This partnership is a great example of how businesses can use our decentralized infrastructure to create new financial products and services.”

Matthijs de Vries · Founder and CTO, AllianceBlock

Furthermore, the MetaNFT standard powered by AllianceBlock’s Nexera Protocol will allow ARTBANX’s Web2-based technology stack to seamlessly transition and integrate into Web3, taking advantage of the inherent benefits of blockchain technology and third-generation NFTs. AllianceBlock’s and Nexera Protocol’s blockchain infrastructure dramatically reduces the time to market for delivering this new platform and greatly minimizes the development cost and resources for this solution for ARTBANX.

“We are thrilled to announce our revolutionary partnership with AllianceBlock, which is set to transform the art market through the power of cutting-edge technologies. By leveraging AI, we have seamlessly integrated the transactional records of millions of artworks, providing collectors, investors and art enthusiasts with unparalleled insights for informed decision-making in fractional art-backed financing,” said Mads Boie Thomsen, CEO & Co-Founder of ARTBANX. “This partnership is a prime example of how DeFi can be used to provide alternative financing options and bring us one step closer to making art a bankable asset class.”

“We are excited to partner with ARTBANX and take another step towards our mission to bridge TradFi with DeFi. The art market is a lucrative market and ripe for disruption. Using Nexera, we’re enabling a new financial model that preserves DeFi values; self-custody, transparency, decentralization, peer-to-peer, security and privacy while providing a more stable yield in a less volatile market,” said Matthijs de Vries, Founder and CTO at AllianceBlock. “This partnership is a great example of how businesses can use our decentralized infrastructure to create new financial products and services. Partnering with ARTBANX, one of the leading collections management systems in the world, is a big step forward for the industry.”

The partnership is an ideal example of how both industries can benefit each other. Participants can access a more stable and less volatile market by tokenizing real-world assets. As the industry matures and AllianceBlock grows and offers its solutions in the wider market, traditional institutions will benefit by being able to offer its lower-risk asset classes to the blockchain industry while gaining from the inherent benefits DeFi offers in the areas of privacy, decentralization and security.

AllianceBlock and ARTBANX are committed to providing new ways for users to access liquidity for previously unbankable or inaccessible asset classes without needing centralized entities.

About AllianceBlock

AllianceBlock is an infrastructure provider for decentralized tokenized markets. It empowers businesses with liquidity provisioning and allows them to compliantly issue, manage, and trade tokenized, digital assets including real-world assets (RWAs).

The AllianceBlock ecosystem of partners, clients, and ventures consists of top stakeholders from the financial industry, as well as the decentralized finance (DeFi) sector. Their unique product suite complies with global regulations and seamlessly integrates with legacy systems.

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About ARTBANX

ARTBANX is the world’s most comprehensive, customisable and secure collection management system for collectors, art professionals and financial institutions. The revolutionary, industry-leading technologies that underpin the entire ARTBANX ecosystem enable us to make art a bankable asset class, unlock its value and empower financial decisions when trading art.

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