Germany’s Federal Financial Supervisory Authority (BaFin) has approved Exordium, the game publisher, to conduct a Bitcoin-based security token offering STO for the EXOeu token on the Stokr digital-asset marketplace.
Hallo Germany! For the first time ever, BaFin has approved a Bitcoin-based security token offering — and that offering is $EXO. Our STO on @stokr_io is now available to German investors. 🇩🇪https://t.co/8UdwpbRNCk
— Exordium (@ExordiumHQ) September 17, 2021
EXOeu was issued on Blockstream Amp, a platform for tokenisation of securities built on the Bitcoin sidechain Liquid.
Earlier Exordium also received similar approvals from financial regulators in Luxembourg, France, Spain and Portugal.
The minimum investment in EXOeu is $100.
The funds will be used to develop the multiplayer online sci-fi game Infinite Fleet. By the time of writing, the startup had raised $7.3 million — from a token sale to investors in other countries and from a seed round.
“Bitcoin is changing the concepts of payments. The time has come to shape capital markets — this can be done with second-layer solutions,” said Arnab Naskar, co-founder of Stokr, to Cointelegraph.
The expert noted that Ethereum “loses its charm” as a STO platform due to high transaction fees and uncertainty around ETH 2.0.
According to the publication, EXOeu will be listed on the Bitfinex Securities platform regulated in Kazakhstan for trading tokenised securities.
In April, BaFin warned investors about possible violations of Binance’s securities laws when launching trading of tokenised shares.
Subscribe to ForkLog on YouTube!