Luxury Asset Capital Partners with TGS to Enhance Watch Lending Services
Luxury Asset Capital, a leading provider of non-bank loans backed by luxury assets, has partnered with Timepiece Grading Specialists (TGS), an independent watch verification and grading service. This collaboration allows TGS clients direct access to Luxury Asset Capital's lending ecosystem while integrating TGS’s authentication services into the loan process. The partnership aims to streamline liquidity solutions for high-value timepieces by leveraging authenticated watches as collateral, offering financing in as little as 24 hours. Luxury Asset Capital will use TGS master watchmakers to verify authenticity and condition grading across its portfolio of luxury assets. Additionally, TGS’s secure facility is now an expanded vaulting option for pledged watches during loan terms. The alliance enhances transparency and security for collectors seeking liquidity while maintaining the integrity of their collections. The partnership underscores a growing trend in asset-backed lending within niche markets like high-end watch collecting. By combining Luxury Asset Capital's financing expertise with TGS’s independent verification, both companies aim to expand access to capital and secure storage solutions.
Tickers: $TGS
Topics: collateral management luxury finance non-bank lending watch verification