Mintus is excited to announce that Eurobank Asset Management, a 100% owned subsidiary of Eurobank S.A. (Eurobank) has acquired a minority stake in Mintus. This strategic investment will trigger further collaboration between the parties in the field of alternative investment asset categories and is a strong endorsement of Mintus’ product and asset offering.
The collaboration will combine Eurobank’s expertise across alternatives with Mintus’ high-tech solutions offered through the cutting edge fractionalized alternative asset platform operated by its FCA regulated subsidiary, Mintus Trading Limited and enabling Mintus to offer access to a diversified set of alternative assets.
“Our investment in Mintus underscores Eurobank Asset Management ’s commitment to harnessing breakthrough technology to benefit our clients,” said Theofanis Mylonas, CEO of Eurobank Asset Management MFMC. “This move builds upon Eurobank Asset Management’s history of seeking innovative opportunities to add value for our stakeholders. The resulting forward-looking approach to asset management will strengthen our position at the forefront of the global financial landscape.”
“Joining forces with Eurobank Asset Management MFMC solidifies our vision of transforming the future of investing by significantly broadening access to alternative assets,” remarked Tamer Ozmen, Founder and CEO of Mintus. “We believe that providing people with increased investment opportunities is essential to greater financial independence and collective prosperity.”
The move comes as demand for alternative assets has increased, due to their attractiveness as a diversification tool offering returns uncorrelated with both the stock and bond market and potential returns. Prequin estimates that alternative assets under management will reach $24.5 trillion by 2028, up from $13.7 in 2021.
“The investment of Eurobank Asset Management in Mintus is a sign that the art market is evolving and a testament to the growing acceptance of shared art ownership,” said Brett Gorvy, Chief Curator and the Chairman of Mintus' Art Investment Committee. “A more inclusive, democratised art market will benefit both investors and artists in the future.”