{"id":340538,"date":"2021-09-17T13:45:00","date_gmt":"2021-09-17T10:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-based-security-token-offering-approved-in-germany\/"},"modified":"2021-09-17T13:45:00","modified_gmt":"2021-09-17T10:45:00","slug":"bitcoin-based-security-token-offering-approved-in-germany","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-based-security-token-offering-approved-in-germany\/","title":{"rendered":"# Bitcoin-based security token offering approved in Germany"},"content":{"rendered":"

“# Bitcoin-based security token offering app<\/a>roved in Germany <\/strong>”
\n<\/p>\n

German financial regulators have approved a\u00a0security token offering (STO) based on a Bitcoin (BTC) sidechain.<\/p>\n

Germany\u2019s Federal Financial Supervisory Authority (BaFin) has greenlighted the EXOeu token by game<\/a> publisher Exordium, making local retail investors eligible to participate in the sale on Stokr, a major European digital marketplace.<\/p>\n

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

Launched in January 2021, the EXOeu security token is raising funds for the development of Samson Mow\u2019s sci-fi MMO game Infinite Fleet. The offering has been available for investors in other European countries lik France, Luxembourg, Spain, Portugal, raising more than $7 million to date.<\/p>\n

While many STOs are based on the Ethereum blockchain, the EXOeu token is issued via Blockstream Amp, a platform for tokenizing securities built on the Liquid sidechain of Bitcoin.<\/p>\n

\u201cBitcoin is shaping payments, and it\u2019s about time it shaped capital markets \u2014 this can be done via layer two technologies,\u201d Stokr co-founder Arnab Naskar said, adding that Ethereum is \u201closing its charm\u201d as an STO platform due to high gas fees and the uncertainty around Ethereum 2.0.<\/p>\n

Related: <\/em><\/strong>Bitfinex launches security token platform regulated in Kazakhstan<\/em><\/strong><\/p>\n

According to Stokr co-founder Tobias Seidl, BaFin\u2019s approval of Exordium\u2019s STO marks a new milestone in cross-border blockchain-based STOs. \u201cWe see Bitcoin as a fundamental backbone of the future capital markets, which will be built on blockchains,\u201d he said.<\/p>\n

The news<\/a> comes shortly after major crypto exchange Bitfinex announced last week that it would debut its own STO trading platform with Exordium (EXO) trading.<\/p>\n