🔥Hot News🔥: Innovative RWA platform CycleX announced a strategic partnership with Singapore Star Art Technology Innovation Fund to jointly launch a $1.5 billion tokenized art fund! 💰The first phase of issuance is approximately $15 million, which is planned to be issued through IEO (Initial Exchange Offering) and is expected to be launched within one month after the announcement. 🚀

Partners include well-known auction houses such as Guardian, Sotheby's, Christie's, etc. Ping An Insurance will provide insurance services, and Standard Chartered Bank will serve as a custodian. The premium from the auction will be used to provide liquidity for the fund to ensure the operation and sustainable development of the fund. 🛠️

Early participants will enjoy the benefits brought by the art auction, including the auction price and premium. 🎉For this cooperation, the CycleX platform will provide professional liquidity management services to ensure market liquidity and the stability of asset value. 🔒This is undoubtedly a deep integration of blockchain and art. We are optimistic about promoting the development of the cryptocurrency market! 🎈