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Tokinvest Appointed by Evolution Stables to Launch Tokenised Racehorse Leases

4 April 2025 | Partnership

Dubai, UAE / New Zealand – April 4, 2025 - Tokinvest, the VARA-regulated marketplace transforming real-world asset (RWA) investing, has been appointed by Evolution Stables, a pioneering equine syndication platform based in New Zealand. Together, they will bring to market a new asset class: tokenised exposure to professionally leased racehorses, starting with a Summer 2025 launch. 

Through digital-syndication, investors gain exposure to the economic performance of racehorses—without the cost, complexity, or time commitment of owning a horse outright. Details of investor rights are outlined in the Virtual Asset Whitepaper being filed with VARA.

An Innovative, Accessible Approach to Racehorse Investment

Unlike conventional racehorse ownership, which often ties up capital in young horses with years-long development timelines, Tokinvest and Evolution Stables are flipping the model. The platform focuses on proven horses in the early stages of their racing careers—many with prior earnings—removing many of the pain points traditionally associated with traditional ownership and delivering the thrill of participation from day one. Investors purchase a token representing a fixed-term lease (typically 12 months) with a pre-defined share of any earnings from the horse’s racing activity.

Scott Thiel, CEO & Co-Founder of Tokinvest, said:

"This partnership with Evolution Stables represents the next step in broadening the Tokinvest ecosystem. By turning elite equine performance into a regulated, tokenised financial product, we’re offering something totally new—fractional access to a market that’s historically been difficult to enter. This is about turning passion into investment opportunity in a way that’s secure, transparent, and forward-looking."

Initial offerings will be based on racehorses in New Zealand, a region known for punching well above its weight in elite Group One racing. New Zealand-bred horses win 22% of Group One races in Australia despite making up just 7% of the field, and have also claimed 38% of Group One victories in Hong Kong over the past four years.

Among the first draft of horses being prepared for digital-syndication is a three-year-old gelding from the stable of internationally recognised trainer Stephen Gray. A standout winner as a two-year-old, he captures the thrill of backing a proven performer—delivered through a model built for global access and modern investors. Gray, who previously campaigned Group 1 winner Bahana at the Dubai World Cup Carnival 2018, brings international pedigree and credibility to the project. This early connection to Dubai underscores the international pedigree behind this partnership.

Deep ties with respected trainers, syndicators, studs, and breeders—such as Woburn Farm, who helped prepare Hong Kong superstar Lucky Sweynesse, and Forsman Racing, trainers of Group 1 winners Aegon, Legarto, and Mustang Valley—further reinforce the calibre of horses associated with the Tokinvest platform.

A Straightforward Digital Syndication Model

Digital-syndication enables racehorse owners to lease out stakes while retaining full control and ownership. Investors pay a fixed price that reflects the horse’s quality, form, and earning potential—removing complexity and eliminating the need for ongoing contracts or admin. Evolution Stables, an authorised syndicator under New Zealand Thoroughbred Racing (NZTR), manages compliance, payments, and performance tracking. Tokinvest delivers a seamless, secure investment experience through its regulated platform, ensuring every transaction is transparent and compliant.

Alex Baddeley, CEO of Evolution Stables, added:

“Digital-syndication helps balance the needs of modern investors with those of existing owners—offering steady income to owners without giving up equity or control, while providing investors with a transparent, accessible entry point into an exciting asset class. Together with Tokinvest, we’re building a new model that unlocks opportunity on both sides of the track.”

Investors’ downside risk is mitigated through the fixed-price model, while still allowing them to participate in the upside potential of ownership over the lease term. If a horse is sold during the lease period, the investor is bought out at a predetermined, equitable value. If the horse is retired or deregistered due to unforeseen circumstances—such as injury—the lease is terminated. Returns are not guaranteed and remain subject to horse performance and other external factors, but this innovative ownership model helps reduce many of the risks traditionally associated with racehorse ownership.

Adrian Stanley, Owner of Woburn Farm, said: “Ownership models in this industry haven’t changed or advanced in years. They still work well for existing participants, but with an ageing ownership base and the next generation of investors looking for digital-first solutions, the time for change is now.

“The interest is there—people want to invest—and with New Zealand being the perfect breeding ground for world-class bloodstock, the opportunity is clear. But barriers like limited access, liquidity, and knowledge have always held back growth.

Evolution Stables’ model, which balances the needs of both buyers and sellers, has the potential to be a real game changer—not just for us, but for the wider industry. We’re proud to support it and excited to see where it goes.”

Stephen Gray, Group One-winning Trainer from Stephen Gray Racing, added: “We were lucky enough to compete at the 2018 Dubai Carnival, where one of our horses, Newlands, placed. We’d love to return one day, and we see Evolution Stables’ digital-syndication model as a great way to strengthen the connections between international racing and new investors. Giving people a chance to come along for the ride through this kind of model is a fantastic way to grow the sport and bring fresh energy into the game.”

About Tokinvest

Tokinvest is a regulated, pioneering marketplace that connects real-world asset issuers with investors globally. Our advanced platform simplifies the investment process by creating virtual tokens representing rights to assets and providing comprehensive lifecycle services from ideation to trading to asset servicing. Headquartered in Dubai, we leverage the region’s robust regulatory environment to offer all investors access to the most desirable assets.

For more information, visit www.tokinvest.capital. 

Follow Tokinvest on LinkedIn, X, TikTok, Instagram to explore how tokenisation is shaping the future of finance.

About Evolution Stables

Based in New Zealand, Evolution Stables is a next-generation marketplace that brings the thrill of thoroughbred ownership to modern investors through digital-syndication—a flexible, fractional alternative to traditional ownership models. By partnering with top studs, breeders, and trainers, Evolution offers broader access to the world of elite racing. 

For Media Enquiries:

Tokinvest
Heather Dale
Email: [email protected]
www.tokinvest.capital

Disclaimer

This communication is for educational and informational purposes only and does not constitute financial, investment, legal, or tax advice. Investors should conduct their own due diligence and consult with a qualified professional advisor before making investment decisions with regard to virtual assets as regulatory environments vary by jurisdiction. Past performance is not indicative of future results, and tokenised virtual assets carry inherent risks including, but not limited to, market volatility and liquidity constraints. Tokinvest is not responsible for any decisions made based on this information.