- Ferrari is set to release 100 unique tokens of its iconic 499P hypercar to members of the Ferrari Hyperclub at Algorand.
- Holders can exchange their tokens and use them to obtain a genuine Ferrari 499P hypercar.
Luxury sports car maker Ferrari is expanding the brand’s footprint in the cryptocurrency space with the announcement of a new initiative on Algorand called Token Ferrari 499P. The Italian company will exclusively release this token to members of Ferrari’s Hyperclub, a select group limited to 100 people.
Token holders will have a unique opportunity to trade this token or use it at auction to win the authentic Ferrari 499P that won the prestigious Le Mans race three times in a row.
of launch Token Ferrari 499P is Ferrari’s latest effort to marry luxury and blockchain. This is part of the company’s overall strategy to modernize its products and attract a younger generation of consumers who are engaged in both luxury car culture and the digital economy.
Ferrari has teamed up with @conio to launch the token Ferrari 499P, allowing the company’s most exclusive clients to trade digital assets and bid on the Le Mans-winning 499P.
Tokenized on the Algorand blockchain.
Read the full article on @Reuters 👇 https://t.co/EEF82j5uBT
— Algorand Foundation (@AlgoFoundation) December 27, 2025
The move is a continuation of Ferrari’s commitment to digital assets, which began in 2023 when the company began accepting Bitcoin and other digital currencies as a payment method for its vehicles.
This new token takes Ferrari to the next stage in the crypto space as it comes with access to one of its most iconic products, the Ferrari 499P.
The iconic car manufacturer launched the token in partnership with Conio, a Milan-based fintech company. Conio collaborated with Major platforms such as Binance and Coinbase serve the European market. The company is currently seeking EU regulatory approval to finalize the launch of the Token Ferrari 499P.
“The potential for development is huge,” said Davide Rallo, chief fintech strategist at Conio.
Algorand expands its footprint
Ferrari is the latest company to join the Algorand ecosystem, which has expanded rapidly in recent years. In October, Algorand partnered with Google Cloud’s Agent Payments Protocol (AP2) to leverage the instant finality and low-cost, secure transactions of Algorand’s blockchain. As CNF reportedAlgorand has moved forward by expanding regulated access to $ALGO tokens on platforms such as tZERO, increasing its presence in the regulated financial space.
However, despite the announcement, ALGO prices have been suffering from bearish momentum over the past 24 hours. ALGO price has been swinging between intraday highs and lows. $0.1218 and $0.1184respectively. But over the past week, unlike many other cryptocurrencies, Algorand has recorded gains and skyrocketed. 7% Amidst the cryptocurrency market crash.
Supports bullish scenario something price trendstop analyst StephisCrypto has identified a bullish Moving Average Convergence Divergence (MACD) cross. He pointed out that on the three-day ALGO price chart, the blue MACD line is above the signal line, which is a sign that the bulls are regaining strength.
🚨 $ALGO bullish MACD cross on 3-D chart! pic.twitter.com/DtwTV3ml2V
— STEPH IS CRYPTO (@Steph_iscrypto) December 28, 2025
