On March 11th, cryptocurrency lending platform Bitbond will launch Germany’s inaugural security token offering, or STO, highlighting how regulators in the economic European powerhouse have paved the way for such token sales to make early inroads toward the mainstream in the nation.
That Monday, the Berlin-based firm is releasing its Bitbond Token (BB1) to global investors, with only U.S. and Canadian users barred from participating. The BB1 token offering, whose prospectus is fully compliant with European Union prospectus laws, was approved for release last month by the Bundesanstalt für Finanzdienstleistungsaufsicht, or BaFin, Germany’s top financial watchdog body.
The STO is being built not as an Ethereum token or a Tezos token but rather via Stellar, the blockchain project that underpins the lumens (XLM) cryptocurrency.
“In order to provide the best possible experience, Germany’s first security token will be issued on the Stellar blockchain,” Bitbond said on their BB1 landing page. “With a processing capacity…