Music trading platform MasterExchange sells out its first Initial Music Offering (IMO)
[15 August 2023] - MasterExchange, a platform enabling individuals to invest in music in the form of royalty shares sold out its first offering in the song ‘Sofia’ by Alvaro Soler, sold by the co-producer T.I Jakke. This unprecedented feat underscores the platform's position at the forefront of innovative music investment opportunities in Europe. 'Sofia,' released on July 15th, 2016 has streamed over 2 billion streams across platforms and gone platinum eight times in Italy and two in Spain. Its steady stream of streams over the past seven years translates into an average historical