Topic: Germany - green light for Bitbond to issue the first digital bonds!!! (Read 213 times)

I am sharing this news because I am sure this is very important for many crypto related projects to have regulated background in EU to be able to fulfill all promises given during ICO's especially when it goes to issue and sell security tokens on the exchanges or to tokenize something.

There is still lack of regulations and many projects are waiting for licenses and sometimes even laws regulating these new niches.

It's great to hear that some European countries are finally explicitly allowing this sort of stuff.
Now I just hope that even more European countries will follow suit and take Germany's example on this.

The good news does not really break from currently. It shows again that crypto is still on the rise. I am particularly pleased to read such news from germany.

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Here we go! Good news makes me put my last money in the trading account for having buying power. Real estate backed projects are not the value of property in my opinion but I didn't get the main point behind this article, honestly.

It's not offtopic and the article that already mentioned in your thread discussed bitbond. com and you can find some people have gotten the same problem with it too through use announcement thread of bitbond that created in 2013.
https://bitcointalk.org/index.php?topic=248441.0;all

Some people were thinking if the put their amounts as loans in bitbond will be the same as they were investing in the company. But they are wrong in this case.

There is even more good news from Switzerland for real estate niche lately.

Around CHF 3 million, or 20 percent of the property value, was tokenized before being sold to four investors in a club deal. The tokenized property is located at Grabenstrasse 3 in Baar, in the canton of Zug, and consists of 18 apartments and the ‘Hello World’ restaurant. This makes Baar the site of the first property in Switzerland that also has a ‘digital twin’ on the blockchain. The four transactions were carried out on the Ethereum blockchain and can be verified on the blockimmo platform.

Tokenizing is the process by which the real asset value of the property is represented digitally on the Ethereum blockchain in token form.

There is more if you want to read https://medium.com/blockimmo/hello-world-from-the-crypto-valley-first-real-estate-transaction-on-blockchain-2bf985b0ff3

I think you guys messed up something. I don't think is the same BigBand.

This is offtopic and I am sure that both of you are in the wrong thread. Please correct me if I am wrong.

Adjust correctly or I will have to report this post. I will wait for a few days and send you a PM.

Security tokens have reached another milestone, this time in Germany.

The Federal Financial Supervisory Authority (BaFin) approved Bitbond's prospectus for the issue of the first digital bonds.

The bonds will be represented by tokens in the Stellar Blockchain network and will contain the first fully regulated offer for security tokens (STO) in Europe.

CrowdFundInsider informs that Bitbond expects to collect from 3 to 5 million euros by selling bonds with a hard cap of 100 million euros.
The proceeds from the sale will be used to borrow for Bitbond customers.

According to the Prospectus, each BB1 token will represent a ten-year bond for one euro, with 4% of annual interest paid in quarterly installments. The investor token will also receive an annual variable rate coupon, based on a share of 60% of Bitbond profits. The interest on the bonds as well as the repayment of the capital will be paid in Stellar Lumens (XLM).

Recently, I wrote that in Switzerland property was tokenized for the first time and this is a sensation for all those waiting for legislative decisions of real estate projects using the blockchain technique.
https://bitcointalksearch.org/topic/szwajcaria-jako-pierwsza-ztokenizowaa-nieruchomo-na-acuchu-blockchain-5117849

Today's news from Germany is a milestone when it comes to security token be able to legally offer STO security tokens offerrings, which will be able to pay different dividends for those holding investors.

We've all been waiting for that and, if countries like Germany or Switzerland, give the green light for security tokens and real estate tokenization using blockchain technology (Ethereum and Stellar). In this case, you can expect that other countries will also open up to this type of tokens and start-ups.

I used the elements of this article https://cryptobriefing.com/bonds-stellar-bonds-german-regulators-approve-bitbond-sto/

I can believe it, i have even heard someone was saying the same thing like you in the past. the collateral should worth more than the loans that already given by lenders.
But just curious about what was happening with your loans that's got default?

I've invested in Bitbond loans shortly after they launched their platform (I think 2014), without and special tokens, just plain BTC loans. The fraud rate was incredible high and about 70% of my loans ended up in default, most of them before even one payment was made. Interest rate for lenders was ridiculous high (but still not high enough, considering that default rate), something like 80% APR. As an investor I will stay away from everything this platform is doing, regulated or not.

These are really good things to hear and see. I mean Germany is a very progressive country so it is not a shock that these good news are coming out of them but they also have the Deutsche bank or whatever that criminal organization is based on their country so I can't really say how fair their economy could be.

At one point they do progressive innovative great things like these digital bonds but also go out and carry the drug lords money on their banks and give them credit cards and so forth to be able to spend their money without worrying about money laundering at all.

In any case, it is a right step towards the bitcoin worlds future and it is definitely welcomed, the more of these things happen the more recognition bitcoin will get and the price will go up.

That is massive development considering the upcoming trend of stos and blockchain based securities i am sure more and more countries and regulators will follow and i hope all type of stos will be allowed based on all blockchains especially erc 20 tokens based stos will also be given green signal soon.

Security tokens have reached another milestone, this time in Germany.

The Federal Financial Supervisory Authority (BaFin) approved Bitbond's prospectus for the issue of the first digital bonds.

The bonds will be represented by tokens in the Stellar Blockchain network and will contain the first fully regulated offer for security tokens (STO) in Europe.

CrowdFundInsider informs that Bitbond expects to collect from 3 to 5 million euros by selling bonds with a hard cap of 100 million euros.
The proceeds from the sale will be used to borrow for Bitbond customers.

According to the Prospectus, each BB1 token will represent a ten-year bond for one euro, with 4% of annual interest paid in quarterly installments. The investor token will also receive an annual variable rate coupon, based on a share of 60% of Bitbond profits. The interest on the bonds as well as the repayment of the capital will be paid in Stellar Lumens (XLM).

Recently, I wrote that in Switzerland the property was tokenized for the first time and this is a sensation for all those waiting for legislative decisions of real estate projects using the blockchain technique.
https://bitcointalksearch.org/topic/szwajcaria-jako-pierwsza-ztokenizowaa-nieruchomo-na-acuchu-blockchain-5117849

Today's news from Germany is a milestone when it comes to security token be able to legally offer STO security tokens offerrings, which will be able to pay different dividends for those holding investors.

We've all been waiting for that and, if countries like Germany or Switzerland, give the green light for security tokens and real estate tokenization using blockchain technology (Ethereum and Stellar). In this case, you can expect that other countries will also open up to this type of tokens and start-ups.

I used the elements of this article https://cryptobriefing.com/bonds-stellar-bonds-german-regulators-approve-bitbond-sto/