<p>Investment platform CurioInvest and digital assets exchange MERJ have tied up to offer tokens backed by rare and luxury cars, including Ferrari.</p> <p>The tokens, dubbed “CT1,” will be listed on Seychelles-based regulated exchange MERJ, Bloomberg <a href="https://www.bnnbloomberg.ca/want-to-own-a-ferrari-now-you-can-through-a-new-digital-token-1.1382717">reported</a> Friday. The exchange is <a href="https://merj-files.s3-eu-west-1.amazonaws.com/MERJ+Exchange+Limited-+Securities+exchange+licence.pdf">licensed</a> by the Seychelles’ Financial Services Authority as a securities exchange.</p> <p>CurioInvest and MERJ are planning to tokenize 500 collectible cars worth over $200 million onto the exchange. Ferrari F12tdf, worth about $1.1 million, will be among the first to be tokenized, per CurioInvest’s <a href="https://curioinvest.com/">website</a>.</p> <p>“You can have a guy in Uganda who’s able to invest in a rare car that’s kept in a vault in Stuttgart, tokenized by a company in Liechtenstein and it all fits within this recognized regulatory environment,” Jim Needham, head of digital strategy at MERJ, told Bloomberg.</p> <p>According to property consultancy firm Knight Frank, vintage cars <a href="https://www.insider.co.uk/special-reports/classic-cars-investment-brewin-dolphin-12689545">returned</a> more than 330% in the 10 years through 2017, outpacing returns from traditional investments such as stocks and bonds. </p> <p>“When you look at fine art, collectible cars, they have been perceived historically as safe havens,” said Fernando Verboonen, founder and CEO of CurioInvest.<br /> <br /> CT1 tokens will <a href="https://www.cryptoninjas.net/2020/01/31/curioinvest-to-bring-tokenized-supercars-to-merj-exchange/">reportedly</a> be investable with one dollar.</p>