Taurus Point Capital
Taurus Point Capital Pte. Ltd., was incorporated in 2020 and is 51% owned by Intraco. It is registered with the Monetary Authority of Singapore as an exempt corporate finance company. Its corporate finance advisory activities include advising listed and unlisted corporates, who qualify as accredited investors pursuant to the securities regulations, on assets securitisation (eg corporate commercial papers, real estate and wines) via digital assets and tokenisation. It is a lead arranger in Singapore for short term commercial papers issued in digital token format. In September 2022, it lead managed the tokenisation of a portfolio of Burgundy wines. It also provides corporate advisory on mergers & acquisition.
Provenance Treasures is 60% owned by Intraco and its principal activity is in the wholesale of liquor and wine. It has a Class 4 liquor licence for wholesale of liquor under the Liquor Control (Supply and Consumption) Act 2015. The licence period is from 28 April 2023 to 27 April 2024 and will continue to be in force until its expiry, unless cancelled or suspended prior to its expiry under the provisions of the Liquor Control (Supply and Consumption) Act 2015 . As part of Intraco’s digital assets initiatives, in September 2022, Provenance Treasures issued 1,000,000 digital wine tokens to accredited investors to fund the purchase of a portfolio of vintage wines from Burgundy region in France. The digital wine tokens are listed for trading on a licensed digital private exchange in Singapore.