MemeStrategy's tokenized Pokémon card fund oversubscribed at initial issuance

MemeStrategy (2440) said it has completed a capital call for its tokenized Pokémon trading card fund launched in March, with licensed alternative asset digital investment platform Evident Platform Services. 

The tokens have been successfully issued on the platform and were oversubscribed, with strong interest across institutional and professional investors, the digital asset firm said in a statement on Monday.

The fund invests exclusively in PSA 10-graded "Pikachu with Grey Felt Hat" collectible cards, a cross-disciplinary collaboration between The Pokémon Company and the Van Gogh Museum in Amsterdam.

Since its limited release in late 2023, the secondary market prices for the cards – estimated at 47,000 globally - have soared by more than 400 percent, MemeStrategy said, adding that the total market value of the top graded card is projected to exceed US$148 million, based on prevailing secondary market prices.

The oversubscription underscores the institutional appeal of an investment fund centered on Pokémon collectible cards, underpinned by a compliant, secure, transparent, and robust investment structure, MemeStrategy said.

Market sentiment is broadly positive regarding the appreciation potential of the card and cultural significance of Pokémon, marking a meaningful step in the evolution of collectible cards as recognized investment assets that bridge cultural collectibles and the financial sector, it added. 

 

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓