{"id":10100,"date":"2021-09-17T13:07:20","date_gmt":"2021-09-17T12:07:20","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=10100"},"modified":"2021-09-17T13:07:30","modified_gmt":"2021-09-17T12:07:30","slug":"germany-approves-bitcoin-based-security-token-offering","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/germany-approves-bitcoin-based-security-token-offering\/","title":{"rendered":"Germany approves Bitcoin-based security token offering"},"content":{"rendered":"\n
A security token offering (STO) based on a Bitcoin (BTC) sidec<\/a>hain has been approved by German financial regulators. The country joins countries such as France, Luxembourg, Spain and Portugal to launch the Bitcoin-based EXOeu token. <\/h5>\n\n\n\n
\"Germany<\/figure>\n\n\n\n

Exordium's EXOeu token has been approved by Germany's Federal Financial Supervisory Authority \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>(BaFin), allowing local retail investors to participate in the sale on Stokr, a leading European digital marketplace.<\/p>\n\n\n\n

With a minimum investment of $100, German investors can invest in EXOeu through Stokr. After BaFin approved a STO by parking network ParkinGO last year, EXOeu is the second STO ever approved for the German market on Stokr.<\/p>\n\n\n\n

The EXOeu security token, which became live in January 2021, is used to support the development of Samson Mow's sci-fi MMO game Infinite Fleet.<\/p>\n\n\n\n

Investors from other European nations such as France, Luxembourg, Spain, and Portugal were permitted to participate in the offering, which raised more than $7 million to date.<\/p>\n\n\n\n

While many STOs use the Ethereum blockchain<\/a>, the EXOeu token is created using Blockstream Amp, a platform for tokenizing securities based on Bitcoin's Liquid sidechain.<\/p>\n\n\n\n

\u201cBitcoin is shaping payments, and it's about time it shaped capital markets,\u201d Stokr co-founder Arnab Naskar said, adding that Ethereum is \u201closing its charm\u201d as a STO platform because to high gas prices and uncertainty surrounding Ethereum 2.0.<\/p>\n\n\n\n

BaFin's approval of Exordium's STO, according to Stokr co-founder Tobias Seidl, marks a new milestone in cross-border blockchain-based STOs. He stated, “We regard Bitcoin as a fundamental backbone of future capital markets, which will be constructed on blockchains.”<\/p>\n\n\n\n

The announcement comes after Bitfinex, a major cryptocurrency exchange<\/a>, revealed last week that it would launch its own STO trading platform, which will support Exordium (EXO) trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

A security token offering (STO) based on a Bitcoin (BTC) sidechain has been approved by German financial regulators. The country joins countries such as France, Luxembourg, Spain and Portugal to launch the Bitcoin-based EXOeu token. Exordium’s EXOeu token has been approved by Germany’s Federal Financial Supervisory Authority (BaFin), allowing local retail investors to participate in […]<\/p>\n","protected":false},"author":12,"featured_media":10105,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[934,711,4456],"class_list":["post-10100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bafin","tag-germany","tag-security-token-offering"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/Germany-approves-Bitcoinbased-security-token-offering.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=10100"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10100\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/10105"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=10100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=10100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=10100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}