vountain tokenizes Stradivari's "Barjansky" Cello
Hanover, July 10, 2024 – The “Barjansky” cello, crafted around 1690 by the legendary luthier Antonio Stradivari, is considered one of the most valuable instruments in the world. Besides its namesake virtuoso Serge Barjansky, the British composer and cellist Julian Lloyd Webber also played this unique instrument. The fintech company vountain, specializing in blockchain technology and smart contracts, has tokenized the world-famous cello on behalf of a German family foundation that owns the Barjansky cello. This process creates a Digital Product Passport (DPP) for tangible assets, securely storing all documentation related to the instrument on a blockchain.
“Our unique approach to creating a tamper-proof and legally compliant Digital Product Passport for world-class tangible assets addresses multiple issues faced by owners. We consolidate all available information and help maintain the provenance of valuable string instruments and other tangible assets continuously. This creates transparency, efficiency, and comparability, and aims to make the market for unique tangible assets more liquid,” says Sandro Pittalis, CEO and founder of vountain.
The core of vountain’s unique technology is its blockchain-based Software-as-a-Service infrastructure. This infrastructure is used to create and manage digital representations of physical products. The resulting individual and unique DPP becomes a comprehensive database. This database includes the complete provenance of the Real World Asset, consisting of authenticity certificates, condition, value, or value insurance appraisals, dendrochronological and computed tomography examinations, storage histories, high-resolution images, and 3D models. Through a specially developed app, musicians, concert halls, or other cultural institutions can also generate real-time data on concerts, repairs, and maintenance. This increases transparency, makes tangible assets experiential, facilitates interactions with all interested parties, and ultimately enhances value.
vountain’s tokenization solution meets global regulatory, legal, and technological market standards and can be applied to various tangible assets such as art, real estate, or classic cars. For owners of high-value tangible assets, such as foundations, family offices, or High Net Worth Individuals (HNWI), vountain offers independent, tamper-proof, and decentralized asset management, including its own database. “The Digital Passport was the missing piece for our art and string instrument collection and represents a unique all-in-one solution for the documentation and complete management of our art exhibits and string instruments,” explains Dr. Joachim Brunne, chairman of the family foundation and CEO of ART & STRINGS.
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