The credit company Bitbond is allowed to carry out Germany’s first security token offering (STO). The sale of tokenized bonds by Bitbond received the highest regulatory blessing from the German Federal Financial Supervisory Authority (BaFin). The STO has an issue volume of 100 million euros.
Bitbond may hold Germany’s first security token offering (STO). This was announced by the crypto start-up on February 15 on its website. The Federal Financial Supervisory Authority has approved the securities prospectus of the company. Thus, it is now also open to private investors to participate in the STO.
BB1: Token-based bond
The first virtual round of investment will start on March 11. The security token offered is called Bitbond1 (BB1) and, according to the prospectus, is a “token-based bond”. A BB1 should have the equivalent of…