Caceis has connected to ARTEX, a stock exchange for artworks.
The cash equity clearing provider will now offer broker-dealers, market makers, and banks the opportunity to trade on ARTEX.
Anja Maiberger, managing director at Caceis in Germany and head of regional coverage for Germany and Austria, says: “European investors generally consider artwork as an asset class that maintains a very stable value, and art is becoming a growing part of many institutional clients’ portfolio diversification strategy.”
ARTEX co-founder, Yassir Benjelloun-Touimi, spoke to Asset Servicing Times this week about the stock exchange and transforming art into a new asset class.
Benjelloun-Touimi said: “[Art] is a new asset class and we want to establish it as a viable asset class that becomes mainstream down the line.
“It took us four years to do our first IPO but now we have a clear roadmap to start and increase the issuance.”
