Topic: Germany - green light for Bitbond to issue the first digital bonds!!! - page 2. (Read 236 times)
March 08, 2019, 06:47:21 AM
This is good news to see that security tokens are going to be issued in Europe as well. I wonder what it takes to invest in these bonds? As seen on the sign up page of Bitbond's website, they ask for your name, but does anybody know if they ask for a full KYC procedure? Also this is very good news for the Stellar platform in general. If they are going to attract projects of this caliber, maybe one should consider investing in XLM too?
March 08, 2019, 06:31:42 AM
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/
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/
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