SIX to partner with ARTEX MTF
SIX will participate in the world’s first art shares exchange. ARTEX MTF AG has been granted a license to operate a Multilateral Trading Facility (MTF).
With this partnership ARTEX will offer to invest and trade in a new alternative asset class and SIX is going to provide services relating to clearing and settlement services and market data feed.
ARTEX aims to democratise the fine art market, making it inclusive and accessible. Art shares will have an initial nominal value of EUR 100, allowing millions to invest in some of the greatest artworks ever created. ARTEX-listed masterpieces will be on public display, in museums and exhibitions around the world (for all to contemplate).
Jos Dijsselhof, SIX CEO commented:
“We are pleased to provide our reliable Clearing and Settlement services and Market Data Feed to ARTEX’s innovative MTF to democratise investment opportunities in timeless assets in order to reshape the art landscape. This is a further step in SIX’s commitment to innovation and we are proud to be part of it.”
H.S.H. Prince Wenceslas of Liechtenstein, ARTEX Co-Founder and Chairman commented:
“From the start of our journey, we had in mind for ARTEX to be a fair and transparent marketplace where some of the greatest artworks ever created could be traded, not only for art collectors and merchants, but also for institutional and retail investors, anyone who is either passionate about art for its aesthetic and emotional value, or interested in art as a compelling investment and/or portfolio diversification tool. Operating a trading venue under one of the most demanding regulatory frameworks in the world, brings a high level of confidence, that has been crucial to the success of our project. We look forward to the first listings and trading on ARTEX in the coming weeks.”