Caskshare whisky investment scheme launches

Edinburgh-based whisky technology company Uisge Tech has launched Caskshare in a bid to “transform the way” whisky fans purchase single cask spirits.

Raasay Distillery is the first to launch its whisky on the Caskshare platform

Uisge Tech, trading as Craft Whisky Club, has created the Caskshare platform, which allows consumers to reserve ‘shares’ from casks of their favourite whisky.

Customers will be able to choose between a variety of wood types and ages as the whisky matures. Single cask bottles will then be sent to buyers once they have matured.

The platform also allows customers to trade bottles between one another.

Uisge Tech/Craft Whisky Club co-founder, David Nicol, said: “Caskshare offers whisky fans a way to get closer to their favourite distilleries and wood types.

“Reserving shares of a cask by the bottle allows consumers to discover and experience all of the cask expressions their favourite distilleries have to offer. What’s more, you don’t need to part with the vast sums of money required to purchase a full cask.”

The first casks to be featured on the Caskshare platform are from Scotland’s Raasay Distillery. The initial offering includes ex-Bourbon, chinquapin virgin oak, and Bordeaux red wine wine casks filled with peated or unpeated spirit. The first cask will be bottled in 2022.

Alasdair Day, Raasay Distillery co-founder, said: “We believe this is an industry-first that offers the opportunity to share a cask with others and allows us to share the story of our Raasay spirit.

“Caskshare offers real choice, the opportunity to select bottles from our different oak and cask types filled with our unpeated and peated spirit matured for three to 12 years.”