Cryptocurrencies

Now There’s an App for Wealthy to Share Race Cars

  • Marco Abele wants to enable shared luxury asset ownership
  • Investors to benefit from value increase as a group, he said
Photographer: David Paul Morris/Bloomberg
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(Machine translation provided by Google and reviewed by Bloomberg editors.)

Marco Abele, the former digital chief of Credit Suisse Group AG, is in "advanced talks" with Allianz Group’s corporate insurance business to win it over as a partner for his new investment platform TEND, he said in an interview with Bloomberg News. His goal is to insure traded assets.