Press Release: Evolution Stables & DSG Group Announce Groundbreaking Partnership to Tokenise Racehorse Ownership
A milestone for both the thoroughbred racing and financial sectors, showcasing how blockchain technology can deliver a more transparent, accessible, and efficient process for racehorse ownership.
Wed 21st Jan 2024 - Evolution Stables, a platform transforming racehorse ownership, has partnered with DSG Group, a New Zealand-based blockchain-powered securities platform. Together, the two companies have successfully completed a proof of concept to tokenise racehorse ownership via digital syndication, conducted under the supervision of New Zealand Thoroughbred Racing (NZTR).
This initiative marks a milestone for both the thoroughbred racing and financial sectors, showcasing how blockchain technology can deliver a more transparent, accessible, and efficient process for racehorse ownership while adhering to NZTR’s regulation and compliance standards.
Empowering Investors and Racehorse Enthusiasts
Digital syndication through tokenisation eliminates traditional barriers to racehorse ownership, enabling more individuals to participate through secure fractional ownership. Evolution Stables’ marketplace provides investors with a platform to trade ownership stakes, making this new form of ownership more reflective and appealing to modern investors and the next generation of owners. This approach modernises racehorse ownership, enhancing inclusivity, transparency, and liquidity within the thoroughbred racing industry.
"At Evolution Stables, our goal is to redefine racehorse ownership by making it more inclusive, transparent, and engaging,” said Alex Baddeley, Founder and CEO of Evolution Stables. “Through our partnership with DSG, we’ve demonstrated how blockchain technology can transform syndication management, unlocking new opportunities for a broader audience while enhancing the experience for existing stakeholders. With our limited release coming soon, this is just the beginning of a new era in thoroughbred ownership.”
Transforming Racehorse Syndication with Tokenisation
The partnership brings together DSG’s expertise in blockchain and digital securities with Evolution Stables’ industry knowledge of the thoroughbred sector. By tokenising racehorse leases, the proof of concept demonstrates how fractional ownership can create new opportunities for syndicate members, enabling them to own, trade, and benefit from racehorses in a completely new way.
“This is a huge milestone for the application of blockchain technology in traditional industries,” said Ryan Johnson-Hunt, CEO of DSG Group. “By partnering with Evolution Stables, we’ve demonstrated how tokenisation can streamline syndication processes, improve accessibility, and maintain the high standards of governance required by NZTR.”
Leveraging Fireblocks as a Key Tokenisation Enabler
A key enabler of this initiative is the integration of Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on blockchain. Fireblocks’ infrastructure ensures the tokenisation process is supported by world-class security, seamless workflows, and compliance-ready solutions. Their platform enables the secure management and transfer of tokenised assets, providing confidence and transparency for all participants in the digital racehorse lease syndication.
A Shared Vision for the Future
With this successful proof of concept, Evolution Stables and DSG are paving the way for the broader adoption of blockchain technology within the thoroughbred racing industry. The partnership represents a significant leap forward in modernising racehorse syndication, laying the foundation for tokenisation’s expansion into similar markets globally.
Please note that any potential products or services offered as part of this partnership are currently undergoing regulatory review and are yet to meet all necessary financial services regulatory requirements.
For More Information
For more information about Evolution Stables, DSG, or this exciting initiative, visit www.evolutionstables.nz and www.dsg.exchange.
Media contacts:
Evolution Stables: alex@evolutionstables.io
DSG Group: media@dsg.exchange
Fireblocks: scheema@fireblocks.com