TLDR:
- Fermion Protocol launches to enable fractional ownership of luxury assets, starting with the $1M Dolce & Gabbana Glass Suit from Collezione Genesi
- Built on Boson Protocol’s technology and launched on Base blockchain, the platform allows community-driven ownership through tokenization
- The Glass Suit was originally purchased in 2021 for $1 million and will be fractionalized through gamified activations
- The platform aims to help luxury brands reclaim the secondary market and capture resale value directly
- Founded by Justin Banon, who also founded Boson Protocol, which has partnerships with Tommy Hilfiger, Hogan, and Woocommerce
A new platform called Fermion Protocol launched on February 20, 2025, introducing a system for fractional ownership of high-value luxury items. The platform’s first offering is the tokenization of a $1 million Dolce & Gabbana Glass Suit from the Collezione Genesi collection.
Justin Banon, who previously founded Boson Protocol, created Fermion Protocol as a decentralized platform that enables community-driven ownership of luxury assets. The platform operates on the Base blockchain and uses Boson Protocol’s tokenization technology.
The Glass Suit, purchased in 2021, represents the first asset to be fractionalized through the platform. Fermion plans to distribute shares of the suit to community members through a series of gamified activities, demonstrating how decentralized ownership can work in the luxury sector.
Current data shows that 2% of customers drive 45% of luxury sales, highlighting a concentration in the luxury market. Fermion aims to address this by making high-end items accessible to a broader audience while maintaining their exclusive nature.
The platform offers a solution for luxury brands to participate directly in the secondary market. Through secure tokenization, brands can verify the authenticity and history of items on the blockchain, potentially reducing counterfeit sales and ensuring proper authentication.
Dolce & Gabbana has expressed support for the initiative, noting that fashion has always involved merging different worlds. The brand views new technology as a source of inspiration for designers Domenico Dolce and Stefano Gabbana.
The Glass Suit itself comes from the Collezione Genesi, which debuted at Dolce & Gabbana’s Alta Moda couture event in Venice during Summer 2021. The collection combined both physical and digital elements, making it a fitting choice for this new ownership model.
Fermion Tech
Fermion’s technology allows brands to bypass third-party platforms when reselling items. This direct approach can reduce fees and create opportunities for brands to offer perks and loyalty rewards to their customers.
The protocol includes features for verifying the provenance of vintage pieces through digital credentials stored on decentralized networks. This system aims to make authentication instant and reliable.
Boson Protocol, the foundation upon which Fermion is built, has established partnerships with major brands including Tommy Hilfiger and Hogan. It also works with Woocommerce, the world’s largest e-commerce platform.
The World Economic Forum has recognized Boson Protocol as a Technology Pioneer, acknowledging its potential to change global commerce through democratization.
Users of Fermion Protocol will be able to trade fractions of luxury assets through the platform’s verified exchange system. This creates a new market for partial ownership of high-value items.
The launch represents one of the first attempts to bring fractional ownership to physical luxury fashion items through blockchain technology. Previous efforts in this space have focused mainly on digital assets.
For the initial launch, Fermion is focusing specifically on the luxury sector, though the technology could potentially be applied to other high-value physical assets in the future.
The platform went live on February 20, 2025, with the Glass Suit fractionalization process beginning immediately through the announced community activities.
