CurioInvest Review 2026: What Happened to the Tokenized Ferrari?

A Zug-based tokenization brand of Curio Capital AG. In 2019 and 2020 its Liechtenstein special-purpose company, Curio AG, offered CT1, a tokenized bond tied to the sale of one Ferrari F12tdf, to EEA investors. That issuer is now 731 AG in Zug. Curio then ran CurioDAO, with the CGT governance token and the CSC stablecoin. As captured November 9, 2026, curioinvest.com offers tokenization and DeFi services to issuers and no investment product.

Liechtenstein's Office of Justice dissolved it ex officio and appointed a liquidator on November 2, 2023. A general meeting renamed it CT1 Investhub AG on November 29, 2024, and the dissolution was lifted on February 28, 2025. On September 12, 2025 it resolved to move its seat to Switzerland; it is registered in Zug as 731 AG (CHE-462.858.040) with one board member, and Liechtenstein deleted it from its register on March 17, 2026.

No. The site states that 'CurioInvest Services and Tokens (CTn) including CurioDAO Ecosystem are not available in the United States or other prohibited jurisdictions', and the CT1 prospectus excluded US persons.

No. The prospectus defines CT1 as a debt security of Curio AG. Holders have a claim on the net proceeds if Curio sells the car, secured by a pledge over it, and no ownership, co-ownership or use rights. The issuer does not guarantee that the pledge would hold up in its insolvency.

AltStreet found no public confirmation that the Ferrari was sold or that sale proceeds were distributed to CT1 holders as of November 9, 2026. The prospectus lets the issuer sell only at 25% over cost in the first two years and 20% over in the next three, and after five years at no less than the 30-day average token price; it is not obliged to sell at all. The five-year point passed in July 2024.

On chain, a multisig whose ENS name is ct1investhubag.eth paid four holders USD 1.50 per token, in USDC or USDT, between July and September 2025, after they sent it 105, 12,384, 300 and 119 CT1. A fifth holder's 1,063 CT1 has no visible payment back. No terms, holder notice or funding source for these payments is public, and the chain does not show that they came from a sale of the car.

On March 23, 2024, an attacker used a flaw in CurioDAO's governance contracts on Ethereum to mint 1,000,000,000,000 CGT (one trillion; supply had been 63 million) and 1,000,000,000 CSC stablecoins in one transaction, sold some into decentralized exchange pools for ETH, DAI and other tokens, and kept 996 billion CGT. Press reports and CurioDAO's own statement said about one billion CGT; the chain shows one trillion.

CurioDAO's statement of March 25, 2024 promised a new CGT restoring holders' balances on Ethereum, BNB Chain, SKALE and Boba, and a separate program paying liquidity providers 25% of their second-token losses every 90 days for four stages. The new CGT was created on April 5, 2024. On Ethereum, 768 of 1,019 pre-exploit addresses received an exact balance match within 120 days; 251 addresses holding 35.1 million old CGT, most of them liquidity pools, bridges and staking contracts, did not. Whether the liquidity-provider payments were made is not public; holders should check their own addresses.

XAUH, the Herculis Gold Coin, is a gold token issued by Herculis Tokens SA of Panama, part of the Swiss Herculis Group, at one token per gram of Swiss gold. It is the only asset curioinvest.com's 'Assets' menu links to. Neither site explains the link; the record shows XAUH is built on JAMTON, the Polkadot network CurioDAO launched in 2024 and calls a strategic pillar of its ecosystem, and trades on Curio's Capital DEX. Whether Curio built XAUH for Herculis, holds an interest in it or is paid for it is not public.

Herculis publishes KPMG SA reports of agreed-upon procedures: on August 26, 2026 KPMG counted 18 bars, 15.5 kilograms, in a Swiss vault, owned by 'one entity of the group', and could link invoices to eight of them. KPMG expressed no assurance and did not compare the gold with tokens issued. xauh.gold shows 15,500 tokens; AltStreet read 4,109.2 on Ethereum and 3,350.39 on TON and did not read Tron, BNB Chain or JAMTON.

The CT1 prospectus was approved by Liechtenstein's Financial Market Authority in July 2019, but the issuer states it 'is not licensed as a financial institution and is not subject to the oversight or supervision by FMA'. The current site names no license or regulator. Curio has no SEC filings.

Issue costs of USD 76,500 were priced into the USD 1.1 million issue (6.95%). On a sale, running costs of about CHF 5,000 a year come off first and Curio takes 20% of the net profit; redemption transaction costs are deducted from payouts. The 2020 brochure gave maintenance costs as 'ca. 1% p.a.', about twice the prospectus figure.

Curio Capital AG and 731 AG are registered companies, and CT1 had an approved prospectus. The concerns are what followed: no public confirmation of a sale of the one car or a distribution of proceeds, an issuer that went through ex officio liquidation and moved to Zug under a new name, payments to some holders with no published terms, no reporting or accounts, a trillion-token exploit of the governance token, and two auditors removed from the parent's register in eleven months. AltStreet located no court case or SEC action naming Curio.

Rally sells shares in collectible cars and other items through Regulation A series in the United States, with annual and semiannual reports on EDGAR and periodic trading windows. CurioInvest's single car token was offered outside the United States under a Liechtenstein prospectus, has no reporting since, and has no publicly confirmed sale.