NFT company Origyn boasts Paris Hilton and Bill Ackman as backers

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Paris Hilton and billionaire hedge-fund investor Bill Ackman are backing a year-old firm that’s focused on NFT technology.

Swiss-based Origyn calls itself a “nonprofit dedicated to identifying, authenticating and unlocking the powers of ownership for objects of value.” It added that it uses a “unique NFT approach,” referring to so-called non-fungible tokens, or unique digital assets.

On Tuesday, Origyn said it raised $20 million from investors including Bill Ackman’s Table Management and Hilton Hotels heiress Paris Hilton in a funding round that values Origyn at $300 million.

Origyn’s NFT technology “digitally certifies the authenticity of objects of value using their own biometry,” according to a company press release. The tech can be used for trading art, collectibles, digital media and luxury goods, the company said.

“ORIGYN is trying to achieve—using technology to solve for identity, authenticity and proof of ownership,” Daniel Haudenschild, CEO of ORIGYN Entreprise said.

The Swiss-based company announced it raised $20 million from investors.

The $20 million raised “will be used to fund ongoing R&D and onboard the foundation’s growing list of industry partners to the ecosystem,” the company added.

Origyn also plans to launch a publicly traded token, OGY, in the first half of 2022.

A spokesman for Ackman declined to comment. Representatives for Hilton did not immediately respond to request for comment.

Paris Hilton Origyn
HIlton, who recently wed, joined an investor in NFT company Origyn.
Jose Villa

Origyn was launched in October 2020 — just months before NFTs became an investing fad. After an NFT from artist “Beeple” scored $69 million in March, a slew of NFTs have sold for eye-popping prices, including Twitter co-founder Jack Dorsey’s first tweet, which went for $3 million later that month.



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