Splint Invest diversifies portfolio with Elephants

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17.05.2024
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Zug-based startup Splint Invest has acquired all assets from Elephants, a Ticino-based co-investment platform for luxury watches. This strategic move allows Splint to further diversify and enhance its investment opportunities for its more than 10,000 active users. 

Offering investments in art, handbags, wine, and more, Splint Invest makes it possible to diversify portfolios with an initial investment as low as 50 EUR. Currently, the alternative investment platform serves over 10,000 active users across Switzerland, Germany, and the UK. 

MARK Investment Holding AG, the company behind Splint Invest, announced the integration of Elephants SAGL, a community-driven investment platform aiming to democratize the 90 billion EUR luxury watch market by tokenising real-world highly collectible timepieces that may not be accessible due to high capital requirements and lack of availability. Founded in 2022, Elephantsco-ownership platform opened up luxury watches as an asset class to a broader audience, enabling them to own shares in exclusive time watches. The platform operates in accordance with Swiss regulations and Swiss anti-money laundering regulations. 

This strategic merger of Splint Invest and Elephants involves the transfer of all assets, including three exclusive watches, along with the Elephants user base to Splint Invest. Elephant’s users can look forward to continuing their investment journeys without interruption and will soon discover new opportunities to diversify their portfolios far beyond watches. 

The integration of Elephants aligns with Splint Invest' s goal to broaden investment horizons and enhance user experience. "We are excited to welcome Elephants' users to the Splint Invest community," comments Aurelio Perucca, CEO of Splint Invest. "This integration not only expands our community but also reinforces our commitment to providing diverse and accessible investment opportunities. We believe that the additional expertise in watch investments that comes with Elephants will be invaluable as we continue to innovate and grow." 

Paolo Catalano, CEO of Elephants, also expressed his excitement about this development, saying, "We are thrilled to team up with Splint Invest and bring our expertise in watch investments to a broader audience. This partnership represents a significant opportunity for our users to explore new investment avenues while benefiting from Splint Invest' s robust platform and resources." 

(Press release / SR) 

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