Tokenization aims to make equestrian sports more attractive. The racehorse industry has an increasing attractiveness problem among younger people. Now, "tokenized racehorses" aim to solve the problem. The animals, "tokenized" into many shares, can be a profitable investment. How does tokenization work, what are the risks? "Token InfoPort" gives the answers to the most important questions.
Racehorses have only been available as an investment to wealthy individual investors or through syndicates. This works well for manageable communities of owners. Now the racehorse is coming to the Blockchain: interested investors can acquire shares in the animals via horse tokens.
Horse is "tokenized" via the blockchain.
Thanks to tokenization, it is possible to make horses digitally tradable. Tokenization means: the asset "racehorse" is fragmented into individual parts of equal value via the blockchain. This gives many investors the opportunity to own a share in the same horse. And at a significantly lower budget than if you had to buy a whole horse. The security aspect is important here: the blockchain is completely transparent. Data cannot be manipulated. This is reported by the portal "Token InfoPort.
Digitized horses "in a package"
Associations like the International Racehorse Owners Network (IRON) offer racehorse tokens for digital sale: There's "Writrose," for example, the fiery two-and-a-half-year-old mare. Or the young stallion "Russian Colt," both from Muskoka Farm in Australia. Basically, there are three scenarios of how the animals can be tokenized as assets into digital shares: By tokenizing individual horses or all horses in a "package."
Boost for "galloping" niche market
Experts see tokenization as an effective tool for the "niche market" of galloping. Tokens could map the various economic claims involved in owning a racehorse and make them available digitally. Tokenizing assets like racehorses offers a lot of advantages. It makes it easier to manage the asset. It gives security in terms of ownership rights. And it makes property rights transferable. It gives liquidity to the otherwise illiquid tangible asset "racehorse".
Young should increase the attractiveness of horse racing
For young people, tokenization is a ticket to the racetrack ecosystem: investors can take their first cautious steps as horse token owners with little money - with controlled risk.
You can find more information and the full text on the portal of Token InfoPort: LINK