Bermudian-based Alpha Innovations and Apex Group have announced their collaboration to support the launch of Strada Digital Masterpieces, a tokenised fine art fund.

Its corresponding master fund has also been launched on the fund platform of DigitalArray, global asset management firm Alpha Innovations’ affiliate company, which is also headquartered on the island.

The fund is advised by Artory/Winston, a joint venture between Winston Art Group, the independent art advisory and appraisal firm, and Artory, an art and technology firm.

DigitalArray’s turnkey fund and governance solution and global financial service provider Apex Group’s ongoing fund administration services were selected by the Artory/Winston team to provide the institutional-quality infrastructure required for the fund offering.

The fund will allow investors to obtain exposure to a carefully curated portfolio of physical artworks, constructed to provide stability of investment as well as exposure to the strong upside potential of the fine art market.

Winston Art Group will lead the sourcing and diligence on the artwork considered and purchased for the fund.

Artory’s technology will be used to capture the artworks’ due diligence data on the blockchain, providing investors with the confidence of investing in artworks with immutable records, verified provenance, and digital certification.

Investors can purchase interests via either the traditional share structure of the master fund, or tokens representing ownership interests of the feeder fund.

Lawrence Newhook, president and CEO of Alpha Innovations, said: “Our motivation for partnering with Winston and Artory was the impeccable pedigree and exceptional sourcing capability of their respective teams.

“Providing our investors with access to potential secondary market liquidity in an historically illiquid asset is a game-changer.”

The Artory/Winston art fund is a diversified portfolio of investment-grade fine artworks by blue chip, mid-career and emerging artists. The investment strategy provides the stability of the blue chip art market with the high potential for returns generated by mid-career and emerging artists.