Crutrade, a new market built on the Avalanche Blockchain, launched with more than $ 60 million worth of tokenized fine wine, which marked the world’s largest live pool of on-chain luxury assets.
The platform carries over 200,000 bottles from 250 producers – most of them are proven in Burgundy – in collectors that can now be in the mood -owner immediately as the bottles remain safely stored.
The $ 9 billion secondary wine market has long fought in high fees, slow trading, and damage from poor storage. Crutrade addresses those problems by keeping bottles in professional storing and transferring digital possession. Each bottle was proven by RFID and recorded on-chain, providing a permanent, transparent record of the proven.
Collectors can trade delicious wine easily as digital ownership, while producers remain connected to their bottles and are protected from the uprising. “We built a crutrade to do something properly: protect the wine at every bottle,” said CEO Devon Ferreira.
The platform cooperation debut in Crurated provides an immediate size. Crurated is token with over $ 60 million in alcohol, allowing the crutrade to miss early liquidity challenges that limit many real-world-owned projects.
Built at the Avalanche, known for its speed and its low fee, the crutrade aims to make fine wine more accessible while maintaining authenticity. The company plans to expand its service to warehouses worldwide and restaurants, where eateries can order rare wines directly from digital menus.
By blending the blockchain verification with traditional cellar discipline, the crutrade offers collectors a faster, safer way to trade bottles that otherwise sit.
