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Bred 4 Sports Magazine

Tokinvest Partners with Evolution Stables to Launch Tokenized Racehorse Leases Dubai, UAE / New Zealand
Tokinvest, a VARA-regulated marketplace revolutionizing real-world asset (RWA) investment, has been appointed by Evolution Stables, a forward-thinking equine syndication platform based in New Zealand, to bring a ground breaking new asset class to market. Together, the two companies will launch tokenized racehorse leases, starting in Summer 2025. This innovative partnership seeks to disrupt traditional racehorse ownership by offering a more accessible and transparent investment opportunity for modern investors.
Tokenized Exposure to Racehorse Leasing
Through a digital-syndication model, Tokinvest and Evolution Stables enable investors to gain exposure to the financial performance of racehorses, without the complexities or substantial capital outlay typically associated with direct ownership. With this new offering, investors can purchase a token representing a fixed-term lease (usually 12 months) of a horse, with a defined share of any earnings generated from the horse's racing activity.
By focusing on horses in the early stages of their racing careers—many of which already have a proven track record—Tokinvest and Evolution Stables are changing the landscape of equine investment. This model eliminates long waiting periods traditionally associated with investing in young horses, providing investors the thrill of participation from the very first race.

Scott Thiel, CEO & Co-Founder of Tokinvest, commented:
"This partnership with Evolution Stables is a significant step in expanding the Tokinvest ecosystem. By transforming elite equine performance into a regulated, tokenized financial product, we’re offering something entirely new—fractional access to a market that’s traditionally been hard to penetrate. Our goal is to make this thrilling sport accessible, transparent, and a secure investment opportunity for all.”
A Premier Racing Region – New Zealand
Initial offerings will center on racehorses based in New Zealand, a country renowned for its high-performance racing industry. Despite representing just 7% of the field, New Zealand-bred horses consistently dominate Group One races, winning 22% of these races in Australia and 38% in Hong Kong over the past four years. The country's status as a breeding hub for world-class thoroughbreds makes it the ideal starting point for this new investment model.
One of the first horses to be featured on the platform is a three-year-old gelding trained by Stephen Gray, an internationally recognized trainer with a solid track record, including the campaign of Group 1 winner Bahana at the 2018 Dubai World Cup Carnival. This association with Dubai further underscores the international appeal and pedigree of the Tokinvest-Evolution Stables partnership.
Tokinvest has also forged relationships with esteemed trainers, breeders, and syndicators like Woburn Farm—who helped prepare Hong Kong star Lucky Sweynesse—and Forsman Racing, known for their work with Group 1 winners such as Aegon, Legarto, and Mustang Valley. These partnerships further solidify the quality and pedigree of the horses available through the platform.
The Digital-Syndication Advantage
The digital-syndication model offers investors a straightforward approach to racehorse leasing. Rather than owning the horse outright, investors purchase a fixed-term lease based on the horse's quality, form, and earning potential. This model removes the complexities and administrative burden traditionally associated with racehorse ownership.
Evolution Stables, authorized under New Zealand Thoroughbred Racing (NZTR), manages all compliance, payments, and performance tracking. Tokinvest ensures a seamless, secure, and transparent investment experience through its VARA-regulated platform.
Alex Baddeley, CEO of Evolution Stables, elaborated:
"Digital-syndication allows us to balance the needs of modern investors and racehorse owners. Owners can generate steady income without relinquishing control, while investors gain access to an exciting and transparent asset class. This new model creates a wealth of opportunities for both sides."
A New Investment Opportunity with Mitigated Risk
One of the key benefits of this tokenized racehorse leasing model is its risk mitigation. Investors pay a fixed price for the lease, which reflects the horse's quality and earnings potential, while being shielded from the unpredictable costs and challenges of ownership. If the horse is sold during the lease period, investors are bought out at an equitable value. In cases of injury or other unforeseen events that result in the horse being retired or deregistered, the lease is terminated.
While returns are subject to horse performance and external factors, this model helps reduce many of the risks associated with traditional racehorse ownership, offering a safer entry point for those looking to invest in the world of thoroughbred racing.
Adrian Stanley, Owner of Woburn Farm, remarked:
"The traditional ownership model in this industry hasn't changed much over the years. While it works for existing participants, the next generation of investors is looking for digital-first solutions. Evolution Stables’ digital-syndication model can break down barriers like limited access, liquidity, and knowledge—making it a game-changer for the industry."
Strengthening International Ties and Growth
Stephen Gray, the renowned Group One-winning trainer, expressed his enthusiasm for the model’s potential to strengthen connections between international racing and new investors:
"We’ve had the privilege of competing at the 2018 Dubai Carnival, and we’d love to return. Evolution Stables’ digital-syndication model provides an exciting opportunity for people to engage in the sport and experience the thrill of racehorse ownership, helping to grow the sport and bring fresh energy into it."
About Tokinvest
Tokinvest is a pioneering platform that connects global investors with real-world asset issuers, offering access to tokenized investments in a range of asset classes. Based in Dubai, Tokinvest operates under a robust regulatory framework, ensuring secure, transparent, and compliant investment experiences. For more information, visit
About Evolution Stables
Evolution Stables, based in New Zealand, offers a digital-syndication platform that brings a new, accessible approach to racehorse ownership. By partnering with top studs, breeders, and trainers, Evolution Stables makes elite racing horses available to modern investors through flexible, fractional ownership models.