NFTs have boomed in popularity in recent months, and it seems a natural step for asset lenders to consider alongside the mix of luxury items they will lend against. Speaking about this latest development, Suros Capital co-owner, Paul Aitken said in a statement shared with Finbold.com: The company typically lends against luxury assets such as fine art, wine, diamonds, and watches, as well as classic and luxury cars. When taking an asset against a loan, the company arranges for storage either in its own vaults or specialist art, wine, or car storage facilities. According to the firm’s official, the fact that NFTs only exist in the digital world presents both an opportunity and a challenge. Mr. Aitken continues. To do this, Suros Capital has opened its own digital wallet. Just like transferring ownership of a car, the owner of the NFT will need to transfer their digital ‘key’ related to the artwork into the newly created Suros Capital Ethereum Wallet. There is then an additional level of security: Suros Capital will lend from £20,000 to £2million, and in this initial phase, the company caveats that it will only lend against NFTs with an auction track record. There have been a number of sales of NFTs at both Christies and Sotheby’s in recent months, including the $69 million Beeple work.
