MERJ, the only licensed stock exchange in the Seychelles, plans to list ethereum tokens representing shares in supercars issued by CurioInvest, starting with a $1.1 million Ferrari. It said investors will have direct access to the exchange through a computer or mobile app.
The exchange said the listings will enable more people to invest in rare and luxury cars, which has been an asset class otherwise inaccessible to the vast majority of investors.
According to Wikipedia, “Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.”