Collectible items for which beneficial ownersip interests are sold though the DiviD marketplace will be held in secure, insured storage with either our Collectibles Dealer or Storage Partners. Dealers will retain possession of listed items while being sold in the marketplace and are responsible for their secure storage. Once all an item’s ownership tokens are sold, DiviD pays the Dealer for the item, takes possession and stores the item with a high security, collectibles-specific Storage Partner.
Because secure asset storage and insurance have costs associated with them, DiviD assesses a flat platform administrative fee at the time of sale and at the distribution of proceeds to the asset’s community of co-owners after resale of the physical collectible, such as a public auction or to a private collector. Platform fees are charged on a flat-rate basis, not on the length of time an asset is held.