Premier Art Holdings and Chintai jointly launched a $50 million art tokenization fund

according to Beincrypto, Premier Art Holdings Ltd. and the blockchain platform Chintai announced the launch of a $50 million tokenized art program, The Premier Art Token (TPAT).

The project will utilize Chintai's white-label tokenization technology to provide fractional ownership of top-tier artworks, making traditionally scarce art assets more accessible. The initial $50 million of TPAT will be offered to qualified investors, with the presale starting in December 2024.