Micro-Horse Ownership Soars With Backing of Ciaron Maher and Trilogy Racing
More than 4.5 million Australians gather trackside each year to watch a thoroughbred race meeting, now BTX Racing is making it easier for everyday Aussies to own part of their own racehorse through their new micro-ownership platform.
As Australia’s only equine platform powered by Blockchain, BTX Racing offers micro-shares in a racehorse for as little as $75, with shares starting at 0.01 per cent.
The platform has already landed impressive support in the last 12 months with Trilogy Racing coming on as a lead investor - with its impressive stable of racing and breeding bloodstock - as well as ownerships available with Melbourne Cup Winning trainers Ciaron Maher Racing and Gai Waterhouse.
The partnership with Trilogy Racing has seen a new thoroughbred race horse listed on the BTX platform, Chaillot. A proven top echelon stakes winner, the six-year-old mare has already achieved $550,000 in career earnings and all 400 .05% micro shares sold out in under 48 hours.
Group 1 racing is the pinnacle of racing, and BTX owners of Chaillot will get to experience Group 1 racing over the coming month. BTX Racing founder and CEO Steve Piek says owning a Group 1 horse is out of reach for most Australians, but not with fractionised ownership.
“We wanted to create a user-friendly platform that breaks down the barriers of horse ownership. Owners can keep up to date with their horse by scrolling through our app, just like they would on social media,” says Mr Piek.
“Blockchain is disrupting the industry in a positive way - it’s making it easier for micro-owners to keep track of their horse, know when it’s racing and access part-ownership of horses trainer by world-class trainers.”
The company started with one Ciaron Maher trained horse in September 2022 and has since seen a 600 per cent ownership increase on its platform. New features coming soon will include ownership of breeding horses, which is an exciting opportunity as this market has significant barriers to entry which are effectively removed by the BTX platform.
Fundamental to the success is providing micro-owners with behind-the-scenes information about their horse, real-time updates and access to attend owner-only experiences trackside and in the sales ring.
“It’s really important that everything is transparent, owners are able to use the custom app and see exactly what they own, where their horse is and when it will be racing next,” says Mr Piek.
In order to continue its growth and expand, BTX Racing is now seeking to raise seed funding of up to $5 million.
The funding will help take the BTX Racing platform to the next level by integrating more user offerings and owner features.
“Blockchain technology used on this platform is a public history of transactions. The decentralised digital ledger technology allows transactions to be recorded and verified without the need for a central authority. This process is making it simpler for owners to purchase micro-shares in a transparent and secure way,” says Mr Piek.
"Blockchain technology is having a significant impact across many real-world asset classes. By using a blockchain to tokenise the ownership interest, it offers significant advantages over traditional instruments, like more liquid markets, instant settlement and access to decentralised finance applications. The digital record of ownership can unlock unique Web3 loyalty models which can be offered to owners by trainers, event organisers and other equine groups as we're seeing in other sports."
BTX Racing is the first company of its kind to become a member of Blockchain Australia, joining an increased number of industries such as healthcare, finance and supply chain management in adopting the increasingly popular technology.
For more information visit https://btxracing.com/
