What you need to know.
Make sure you fully understand how AssetPocket works before investing and contact us in case you need to clarify any issue.
AssetPocket is a platform where you can invest in the luxury, collectible and art market in the form of a non-fungible token (NFT) through a mobile app.
With the help of Asset experts, AssetPocket acquires some of the best collectible items with high appreciation potential and convert them into NFTs based on the Cardano blockchain. If you are new to NFTs please check below.
Users can then analyse all the specs and legal information of the collectible item and acquire a fraction of a collectible item by investing in NFTs.
After the collectible assets are selected by Asset experts, AssetPocket acquires the ones we believe are appropriately priced and will increase in value over time.
All the key information about the assets are shared with you through the AssetPocket app, including provenance and ownership history, photos, videos, and market prices for comparable assets.
From this moment, users can acquire a fraction of each specific item by investing in an NFT.
Your trust and safety are important to us, reason why we are supported by a law firm that confirms investor identities, prepares all the necessary legal documentation, and oversees all transactions.
We also invest with you in every investment offering, so you can be sure we are encouraged to select great collectible items and manage them with a focus on long-term returns.
A non-fungible token (in short, NFT) is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable. NFTs can represent digital files such as art, audio, video, and other forms of creative work. While the digital files themselves are infinitely reproducible, the NFTs representing them are tracked on their underlying blockchains and provide buyers with proof of ownership.
We cannot confuse a NFT with a fungible token, like bitcoin, since we can trade one bitcoin for another and we’ll have exactly the same thing.
Each NFT is unique and can’t be replaced with something else. A one-of-a-kind paint if traded for a different paint, you’d have something completely different.
Our AssetExperts look for the best collectible assets according to several factors, such as rarity, significance, history, originality, value, condition and maintenance over time.
Anyone over 18 with a U.S. or European citizenship, Social Security number or a Tax Number in case of a European citizen (subject to standard know your customer “KYC” and Anti Money Laundering “AML” checks and confirmations) is eligible to invest, but the app itself is free and open to everyone.
At the moment, you are not allowed to invest through a company or partnership. We will let you know as soon as this is possible.
To invest, you will need to search for the collectible item of your choice, and click on the ‘Buy Fraction’ button, select the amount you wish to invest, and complete the investor on-boarding questionnaire.
You will be asked to provide some personal and financial information (as required by law for AML and other purposes) and to deposit funds to pay for your co-owning asset.
Upon receipt and acceptance of investment documents signed by you, we will issue the co-ownership certificate, so you can keep tracking of your investment portfolio.
At the moment we are accepting visa payment, PayPal or crypto.
Our main objective is to be clear on the amount of fees we charge in each investment.
Our fees policy aims to be transparent and affordable so we can democratize investment in tangible assets for everyone.
Depending on the asset, we will charge a fee of 1%-15%. This will ensure AssetPocket, our partners and AssetExperts to work, maintain our structure and keep all our amazing assets safe and secure.
A detailed breakdown of the fees and expenses can be found in each announcement of the Asset.
Upon selling the asset, AssetPocket is entitled to 10% of any after-tax profits following all payments and expenses.
Our fee structure is subject to change at our discretion in the future.
Yes, you can acquire 100% of the collectible item in two ways:
i) when the collectible item is made available on AssetPocket, you can acquire the fractions available, up to 100% of the collectible asset, or by ii) exercising your right of preference, acquiring all the fractions at the end of the maturity of the investment (3 or 5 years) with a 5% discount on the selling price.
For this, you will have 5 days to exercise your preference and will be required to provide full payment immediately. Shipping costs will be charged on the shipping.
We choose not to use a classic investment route through the incorporation of a company that owns the assets to take advantage of a much easier and simpler way of investment through direct ownership and not owning shares at all.
At the end of the investment, we can simply sell the item and share the profits (or losses) with the investors.
We are fanatic for keeping things simple.
Please look for this information in the Asset information section, where you can find the timeline of the investment, which will typically be around 1 to 5 years investment, but certain collectible items may have a longer period.
Our main goal is to provide liquidity to a commodity asset market, therefore, we will provide soon the possibility for our community to buy and sell their co-ownership certificates.
The collectible items are securely stored in a warehouse with 24/7 security. All items are kept under close to perfect conditions, both temperature and humidity are controlled.
Our assets are carefully kept in a warehouse. Once a year, you will be able to see your assets in one of our showrooms. We love our assets, so we treat them like art.
The collectible items are acquired by AssetPocket.
When you acquire the NFT, you will become owner of a fraction of the item.
When you purchase a fraction of a collectible asset, you will receive a NFT. If the market value of that asset rises, so should the value of your NFT.
You can monetize by (i) selling in-app your NFT to other investors or by (ii) waiting for the sale of the item that should take place between three to five years from the asset acquisition (for some collectible items, the maturity may be longer).
Opening Offer: The first time an asset is being offered as an investment on AssetPocket.
Investment Period: The period of days you can commit yourself with the purchase of a fraction of an asset.
Asset: Asset that our Asset Experts picked for you and are open to investment.
Upcoming Assets: Assets that are not yet available to investment. You can have access to key information and will notified when you can invest.
Liquidated Assets: Assets that we have sold and are no longer available on the AssetPocket platform.
Active Investment: Your current holding. Once you have acquired a fraction of an asset, your co-ownership certificate will show up in your account under the “Current Investments” tab in your account.
Pending Investment: A fraction purchase that has been placed, but not yet finalized. You can monitor it in your account.
Comparable Asset Value: Similar assets that help you estimate the fair value of a potential investment. We will look into historical prices of comparable assets in order to determine a price trend. AssetPocket does not guarantee that the past performance will determine the price in the future, or that is even a trustworthy decision factor.
The marketplace feature is not yet available.
We will announce with 5 days’ notice the assets that will be available for investment, with all the relevant information, pictures and videos.
At that time, we will provide you with key documents and, should you decide to invest, you will receive instructions on how to transact.
If you require more help please contact us, we will be happy to clarify any doubt that may arise.
You need to check directly with your country tax authority or tax advisor if and how your investments on AssetPocket are taxed.
All investments carry risks and those on our platform are no different, so it’s important that you understand them.
The value of your investment can fluctuate - in both directions - and there’s no guarantee that there will be a buyer offering your desired price when you want to sell.
Furthermore, collectibles are real assets, and while that’s certainly part of their appeal, it brings risks.
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Join our community and invest in collectible items through the AssetPocket app.