Digital whisky hits the markets in Singapore

January brought top-end Scotch whisky to the digital world, with the commencement of trading of “southeast Asia’s first digital, whisky-based ABS”.

There are five tokens, all linked to a specific cask of whisky sitting in Scotland.

The group behind this is PrimePartners Corporate Finance, a Singapore financial services group, through a subsidiary called Rare Cask Holdings. The tokens are traded on Hg Exchange, which is a private member-driven securities exchange backed by PhillipCapital, crowdfunding platform Fundnel, blockchain Zilliqa and PrimePartners itself.