Mattereum, a London-based legal-tech startup that aims to tokenize and fractionalize real-world assets like real estate, art, and objects, recently published its whitepaper explaining its business model and the concept of tokenization. To better exemplify the whole process, the company decided to digitize a $9 million Stradivarius violin, which will be the first on-chain asset on Mattereum’s Smart Property Register. Thus, the object will be sold through multiple tokens via a crowdsale. Besides holding fractions of ownership rights, token holders will be able to form a governing committee that will decide how the instrument is used.

A Stradivarius violin is one of only 650 instruments made by the famous Italian luthier …

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