Introducing PREMR
The Premier Payment Token. Defined by Fine Art.
PREMR is a digital payment token that is defined by a portfolio of professionally curated art. PREMR is designed to function as a real world asset (“RWA”) commodity token that can be used as payment consideration for goods such as fine art, jewelry, automobiles, and eventually any other tangible assets, as well as for services, wherever lawfully permitted and accepted by counterparties.
The total PREMR Tokens in circulation after issuance by Premier Art Holdings Ltd. represent the Company’s acquisitions of fine art that is meant to always remain in the ever-growing art portfolio. Tokenholders have no ownership, beneficial, or other equitable interest in the Company or in the art portfolio itself.
PREMR tokens, just like Bitcoin, Ethereum and others, are intended for use as consideration in exchange for purchases. PREMR Tokens function like PAX Gold and Tether Gold, with the exception that instead of reflecting PAX or Tether’s acquisitions of gold bars kept in a vault in Switzerland, PREMR Tokens in circulation represent the Company’s acquisitions and display of beautiful fine art that can be enjoyed.
Why Fine Art?
An Ideal Real-World Asset
Fine Art as Commercial Exchange
The growing global adoption of real-world-asset–referenced digital tokens (including gold, silver, and real estate) has led to their use as tools for commercial exchange, supported by global connectivity and digital settlement infrastructure.
Until now, fine art—one of the world’s largest and most established asset categories—has seen limited participation in digital commerce, despite substantial annual transaction volume.
The PREMR Token
The PREMR Token bridges the history of fine art with the future of digital commerce.
Old World Stability
Fine art is widely regarded as among the world’s oldest real-world assets, supported by a long-established and diversified global market. Fine art has historically been used as a form of consideration in the exchange of goods and services for generations. Many of the most renowned artists in history are documented to have traded their works directly for products, patronage, and services. Over time, access to museum-quality fine art has become increasingly concentrated among institutional holders and high-net-worth collectors.
New World Liquidity
Digital asset networks have emerged as alternative technological frameworks for the transfer and settlement of value in commercial transactions. Advances in distributed-ledger technology have improved transaction speed and cost efficiency, contributing to increased experimentation and participation by financial institutions. Real-world-asset–referenced tokens are increasingly used as a form of consideration in the exchange of goods and services. As with all payment and settlement mechanisms, their use remains subject to applicable legal and regulatory frameworks.
Portfolio Construction and Management
Premier Art Holdings Ltd. is the sole issuer of PREMR tokens.
Premier Art Holdings Ltd. does not acquire fine art for resale. All art acquired is owned outright by Premier Art Holdings Ltd. and held within its portfolio. PREMR tokens represent an economic reference to the aggregate insured scheduled value of that portfolio, as described in the applicable disclosure materials.
All artworks within the Premier Art Holdings Ltd. portfolio are insured at their scheduled value by recognized fine-art insurance providers and are either placed for public display in recognized museums or exhibition venues, or held in bonded fine-art storage facilities pending exhibition.
The acquisition, authentication, insurance placement, exhibition coordination, and storage of artworks in the portfolio are conducted by independent management services entities engaged by Premier Art Holdings Ltd. Those entities, in turn, rely on further evaluations and confirmations by independent third-party experts.
Independent audits are conducted on a regular basis to verify the location, presence, and insured scheduled value of all artworks in the portfolio.
Through these layered and independent processes, the integrity and verification of the art within the PREMR portfolio are supported by multiple independent parties and are not dependent on internal determinations made by Premier Art Holdings Ltd. management.
