Credito Emiliano has been lending against Parmigiano Reggiano since 1953. They hold half a million wheels — over €300 m…
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Credito Emiliano has been lending against Parmigiano Reggiano since 1953. They hold half a million wheels — over €300 million worth — in a climate-controlled vault. Farmers get 60 to 80% of the value upfront while the cheese ages. Europe’s heat waves just pushed their cooling costs up 30%. Anywhere an asset takes years to become valuable, somebody builds a bank around it. This week Nvidia did it with GPUs. Collectibles, sneakers, and creator revenue are already taken. Where I’d look instead:…
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