Spencer Dinwiddie Turning NBA Contract Into Digital Investment - DMT NEWS

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Spencer Dinwiddie Turning NBA Contract Into Digital Investment

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Spencer Dinwiddie is turning his NBA contract into a digital investment vehicle and will receive an upfront lump payment.

Dinwiddie will start his own company to securitize his contract in the form of a digital token. Dinwiddie signed a three-year, $34.36 million extension with the Brooklyn Nets.

It is unclear what percentage of Dinwiddie's contract will be raised upfront.

Dinwiddie will have more money to immediately invest than he otherwise would be receiving a large upfront payment.



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