Zurich, Switzerland – 20 August 2024
ArkeFi Announces Development of Fractional Ownership Protection (FOP) in Strategic Collaboration with The Barker Price.
ArkeFi, the premier platform that tokenizes non-bankable assets (nBAs) such as art, cars, and collectibles, is excited to announce a strategic collaboration with The Barker Price to develop the groundbreaking Fractional Ownership Protection (FOP). This innovation will redefine security and accessibility for fractional investors in high-value assets.
ArkeFi’s unique platform allows the sale of tokenized nBAs to fractional owners at 50% of their Fair Market Value (FMV). An essential feature of the platform is its smart contracts, which include an embedded option for sellers to repurchase their assets at a predetermined price, typically 55% of the FMV, within a certain timeframe. If this buy-back option is not exercised, the fractional owners assume full ownership of the asset, which can then be sold on the secondary market, resulting in significant upside potential.
The Fractional Ownership Protection (FOP) being developed with The Barker Price will secure fractional owners’ initial investments by covering 50% of the FMV and mitigating associated financial risks. By leveraging advanced AI, data analytics, and precise valuation techniques, FOP provides enhanced protection and accuracy in asset valuation.
“We are thrilled to unveil the Fractional Ownership Protection (FOP) in collaboration with The Barker Price,” said Patrick Schweiger, Co-Founder of ArkeFi. “We have closely observed how The Barker Price has developed a sophisticated, patented AI-valuation engine, complete with warranties for lenders of alternative assets. Integrating this cutting-edge technology into ArkeFi enables us to create a product never before seen in the crypto space. With FOP, we are significantly enhancing security and accessibility for fractional investors while offering unprecedented opportunities for substantial upside potential. This initiative underscores our commitment to innovation and advancing the crypto space.
We are excited to partner with ArkeFi on this groundbreaking FOP program. This initiative further enhances our commitment to providing innovative and secure financial solutions.”
Thomas Galbraith, CEO of The Barker Price
About ArkeFi
ArkeFi is at the forefront of financial innovation, spearheading the world’s inaugural peer-to-peer Fractional Option Financing platform dedicated to non-bankable assets (nBAs). This groundbreaking initiative is backed by a consortium of discerning art collectors and owners of renowned masterpieces by the likes of Pablo Picasso, Henri Matisse, Van Gogh,Zao Wou-ki, and Banksy. Beyond the art world, ArkeFi is actively engaging with other high-value nBA categories, such as the coveted realm of luxury automobiles, including iconic models like the Ferrari 250 GT, McLaren Speedtail, Bugatti Chiron, and Porsche 918. The company envisions a future where its platform encompasses a diverse range of nBAs,revolutionizing asset accessibility and liquidity.
By harnessing the power of AI, ArkeFi is transforming into a robust Real World Asset Engine for Consumer Goods. This strategic evolution aims to democratize ownership of high-value assets by making them more attainable and liquid for a broader investor base. To complement this ambitious vision, the platform’s utility token, $RKFI, is poised for launch in early September 2024, promising to play a pivotal role in facilitating transactions and fostering community engagement within the ArkeFi ecosystem.
You can visit the ArkeFi website here.
About The Barker Price
Barker delivers mark-to-market valuations for alternative assets, backed by A-rated insurers, ensuring reliability and peace of mind. Valuations come with warranties that assure the accuracy of the prices.
You can visit The Barker Price website here.
Media Contact
ArkeFi: Bankole Fadimiluyi, bf@arkefi.com
The Barker Price: Paulina Amato, paulina@thebarkerprice.com
