ZUG, Switzerland, October 2nd, 2024/Chainwire/--Poland’s second-largest bank, Pekao S.A., used the Aleph Zero L1 blockchain to tokenize and preserve internationally renowned Polish artworks.
This initiative combines blockchain technology with a commitment to cultural preservation, ensuring the safekeeping of Poland’s artistic legacy for future generations. With Archiv3, Bank Pekao becomes the first universal bank to tokenize historical art specifically for preservation purposes. This initiative follows the bank’s earlier
It also highlights the bank's ongoing commitment to modernizing its services and expanding the reach of digital assets. Notably, Archiv3 is the first project to tokenize artworks for long-term storage in the Arctic World Archive, known as the “Doomsday Library.”
“We have chosen Aleph Zero for their privacy-focused, top-class technology combined with sound experience in cooperation with large institutions,” says Michał Walęczak, Director of the Private Banking Strategy and Development Department at Bank Pekao S.A.
“Minimal carbon footprint as well as low storage costs were also important factors in our decision-making process. Tokenization of art requires modern and flexible technology, unforced creativity and some out-of-the-box thinking; these features we were happy to find in co-operation with Aleph Zero.”
ARCHIV3 involves the meticulous digitization of masterpieces from iconic Polish artists, such as Jan Matejko, Stanisław Wyspiański, Wojciech Kossak, and others, facilitated by Degen House, the bank’s technological partner, who also managed the Aleph Zero integration.
The process began with the creation of high-quality, museum-grade 3D scans using ultra-sensitive cameras, which capture every detail of the original artworks. These digital replicas were then minted as NFTs on the eco-friendly Aleph Zero blockchain, which ensures minimal carbon footprint during the process.
The tokenized versions are subsequently archived in the Arctic World Archive, where they are expected to remain secure for at least 1,000 years. The artworks in the Archiv3 collection span a range of historical periods, primarily featuring 19th-century works and select modern pieces, such as those by contemporary artist Lia Kimura.
This initiative aims to preserve these treasures not only for their cultural and historical significance but also as a resource for future study, conservation, and potential virtual exhibitions.
The Arctic World Archive, located on the remote Svalbard archipelago, serves as a highly secure data vault designed to protect invaluable cultural, historical, and scientific information from natural disasters, cyber threats, and other risks.
Established in 2017, the archive uses advanced storage technology to ensure data longevity without the need for electricity or human intervention, making it one of the safest places in the world for preserving irreplaceable records.
The AWA already houses manuscripts from the Vatican Library, documentation from UNESCO and UNICEF, the entire GitHub code repository, as well as literary works by Nobel Prize laureates Olga Tokarczuk and Wisława Szymborska.
Bank Pekao is the first financial institution to archive culturally significant artworks at the AWA, while doing the same using decentralized storage, setting a precedent for how blockchain technology can be used to bridge traditional art with new digital solutions.
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Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications that are supported by Aleph Zero ecosystem development programs. For more information, users can visit
As a leading corporate bank in Poland, it serves every second corporation in Poland. Its status as a universal bank is based on its leading market position in private banking, asset management, and brokerage activities.
Bank Pekao's diversified business profile is supported by a leading market balance sheet and risk profile reflected in the lowest risk costs, strong capital ratios, and resilience to macroeconomic conditions (Pekao proved to be the most resilient bank in Europe, ranking first in the stress tests conducted by the EBA in 2023 amongst 70 banks).
Since 1998, Bank Pekao has been listed on the Warsaw Stock Exchange and participates in several local (including WIG 20 and WIG) and international indices (including MSCI EM, Stoxx Europe 600, and FTSE Developed). Pekao is one of the most dividend-paying listed companies in Poland over the past 10 years, paying out a total of approx. 20 billion PLN over a decade.
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