Asset management firm VanEck is planning to launch a new self-custody nonfungible token (NFT) platform called SegMint, following the success of its Bitcoin exchange-traded fund (ETF) in the United States. In an exclusive interview with Cointelegraph, Matthew Bartlett, VanEck’s NFT community and Web3 head, revealed that the platform will allow users to vault and fractionalize digital assets by issuing tradable keys. Bartlett, who has a personal interest in NFTs, was given the go-ahead to build the platform due to his experience in the finance industry and his love for NFTs. SegMint aims to address the custodial nature of existing platforms by allowing users to maintain self-custody of their digital assets. The platform launched on February 28 and requires users to go through a Know Your Customer process. Bartlett also has a long-term goal of partnering with other platforms to tokenize real-world assets, such as vintage wines and luxury watches, and potentially even tokenized real estate. However, he acknowledges that these use cases may take years to develop. VanEck’s Bitcoin ETF has already attracted over $272 million in investments since its launch in January 2024.
TradFi's strong interest in Web3 tokenization highlighted by VanEck's latest NFT platform, SegMint