Sygnum Bank tokenizes pieces of football world championship history signed by football superstars
Zurich, 3rd March 2022 – Sygnum Bank and Victory Works will tokenize a portfolio of football world championship-themed sculptures by renowned Swiss artist David Pflugi. The artworks carry the signatures of teams from three finals, including those by established and emerging football legends such as Zinédine Zidane, Ronaldinho, Fernando Torres, Lionel Messi, Luka Modrić and Kylian Mbappé.
Victory Works will issue 6.000 Art Security Tokens (AST) with an initial total value of CHF 6 million that will be exclusively available to Sygnum clients from April 2022
The signatures of finalists from both teams, watched in action by hundreds of millions of fans in world championship finals, are considered genuine, high value pieces of global sporting history
The artworks are planned to be sold by auction at the end of the two to three-year investment horizon, with each token holder receiving their pro rata share of proceeds
David Pflugi is a renowned Swiss sculptor and painter who creates innovative artworks which surprise the viewer by presenting different images and contrasting themes when approached from opposing directions. Pflugi’s Victory Works sculptures were created in honour of three football world championships; 2010, 2014 and 2018, and carry the personal signatures of all finalists and coaches of the winning and runner-up teams, including established and emerging football legends as Oliver Kahn, Kylian Mbappé, Lionel Messi, Luka Modrić, Ronaldinho, Bastian Schweinsteiger, Fernando Torres, Zinédine Zidane, and many others.
The football world championship, incorporating teams from 32 nations, is comparable only to the Olympics in terms of global viewership and sporting prestige. According to FIFA, the 2018 World Cup was viewed by 3.6 billion football fans, over half the world’s population, with over 1.1 billion tuning in for the final between France and Croatia. These collections of finalist signatures are regarded as unique and high-value pieces of global sporting history worth preserving and celebrating.
Victory Works will issue 6,000 Art Security Tokens (ASTs), fully recognised under the new Swiss DLT legislation, via Sygnum’s tokenization platform Desygnate with a total value of CHF 6 million. The first tranche of these tokens will be available from April 2022 for subscription exclusively to Sygnum’s professional and institutional clients on SygnEx, Sygnum’s secondary market trading platform.
The portfolio of three sculptures is planned to be sold through an auction at the end of the investment horizon of two to three years. All token holders will receive a share of the proceeds in accordance with the number of tokens that they own. Victory Works plans to retain approximately half of these ASTs and will donate 20 percent of its proceeds to charities supporting children in developing countries.
David Pflugi, creator of the Victory Works collection: “It is my goal to inspire those viewing my art to explore new perspectives through movement. Likewise, I believe the tokenization movement will bring to the world a new perspective of art ownership and investment, opening up access to this market to a broader set of investors.”
Fatmire Bekiri, Sygnum Bank’s Head of Tokenization: “David’s unique style of art has garnered him international attention, and the Victory Works collection has become part of football world championship legacy. Creating unique investment opportunities in artworks such as these is part of the overall vision of Sygnum’s tokenization business.”
Sygnum is the world’s first digital asset bank, and a digital asset specialist with global reach. With Sygnum Bank AG’s Swiss banking licence, as well as Sygnum Pte Ltd’s capital markets services (CMS) licence in Singapore, Sygnum empowers professional and institutional investors, corporates, banks, and other financial institutions to invest in the digital asset economy with complete trust. Sygnum operates an independently controlled, scalable, and future-proof regulated banking platform. Our interdisciplinary team of banking, investment, and Distributed Ledger Technology (DLT) experts is shaping the development of a trusted digital asset ecosystem. The company is founded on Swiss and Singapore heritage and operates globally. To learn more about Sygnum, please visit www.sygnum.com
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Sygnum Bank AG
About David Pflugi and the Victory Works Collection
Through the union of sculpture and painting, David Pflugi creates three-dimensional objects, which he then adorns with two-dimensional images. Each of these, however, can only be discovered when the work is seen from a specific perspective. The sole creator of the “Victory Works” is David Pflugi. This astounding story, which he began more than 20 years ago, will also be carried on into the future: Further works of art for the upcoming football world cups are currently being created.
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Victory Works AG
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