{"id":49671,"date":"2021-09-17T16:13:06","date_gmt":"2021-09-17T13:13:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49671"},"modified":"2025-09-02T13:50:39","modified_gmt":"2025-09-02T10:50:39","slug":"germany-approves-bitcoin-based-security-token-offering","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/germany-approves-bitcoin-based-security-token-offering\/","title":{"rendered":"Germany approves Bitcoin-based security token offering"},"content":{"rendered":"<p>Germany&#8217;s Federal Financial Supervisory Authority (BaFin) has approved Exordium, the game publisher, to conduct a Bitcoin-based security token offering <span data-descr=\\\"Security Token Offering\\\" class=\\\"old_tooltip\\\">STO<\/span> for the EXOeu token on the Stokr digital-asset marketplace.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Hallo Germany! For the first time ever, BaFin has approved a Bitcoin-based security token offering \u2014 and that offering is <a href=\\\"https:\/\/twitter.com\/search?q=%24EXO&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$EXO<\/a>. Our STO on <a href=\\\"https:\/\/twitter.com\/stokr_io?ref_src=twsrc%5Etfw\\\">@stokr_io<\/a> is now available to German investors. \ud83c\udde9\ud83c\uddea<a href=\\\"https:\/\/t.co\/8UdwpbRNCk\\\">https:\/\/t.co\/8UdwpbRNCk<\/a><\/p>\n<p>\u2014 Exordium (@ExordiumHQ) <a href=\\\"https:\/\/twitter.com\/ExordiumHQ\/status\/1438822097065701381?ref_src=twsrc%5Etfw\\\">September 17, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>EXOeu was issued on Blockstream Amp, a platform for tokenisation of securities built on the Bitcoin sidechain Liquid.<\/p>\n<p>Earlier Exordium also received similar approvals from financial regulators in Luxembourg, France, Spain and Portugal.<\/p>\n<p>The minimum investment in EXOeu is $100.<\/p>\n<p>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 \u2014 from a token sale to investors in other countries and from a seed round.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\u201cBitcoin is changing the concepts of payments. The time has come to shape capital markets \u2014 this can be done with second-layer solutions,\u201d<\/em> said Arnab Naskar, co-founder of Stokr, to Cointelegraph.<\/p>\n<\/blockquote>\n<p>The expert noted that Ethereum \u201closes its charm\u201d as a STO platform due to high transaction fees and uncertainty around <a href=\"https:\/\/forklog.com\/en\/news\/what-is-ethereum-2-0\">ETH 2.0<\/a>.<\/p>\n<p>According to the publication, EXOeu will be listed on the <a href=\"https:\/\/forklog.com\/en\/news\/bitfinex-launches-kazakhstan-registered-platform-for-trading-tokenised-stocks-and-bonds\">Bitfinex Securities<\/a> platform regulated in Kazakhstan for trading tokenised securities.<\/p>\n<p>In April, BaFin warned investors <a href=\"https:\/\/forklog.com\/en\/news\/bafin-flags-potential-binance-breaches-in-tokenised-stock-service-launch\">about possible violations of Binance&#8217;s securities laws<\/a> when launching trading of tokenised shares.<\/p>\n<p> Subscribe to ForkLog on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\"> YouTube<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany&#8217;s BaFin approves Exordium&#8217;s Bitcoin-based STO for EXOeu on Stokr; minimum investment is $100. The funds will support Infinite Fleet development. Earlier in April, BaFin warned about possible Binance securities-law violations.<\/p>\n","protected":false},"author":1,"featured_media":49672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"BaFin approves Exordium's Bitcoin-based STO for EXOeu on Stokr; min. $100.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1282,1527,109,1851,36,1378],"class_list":["post-49671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-asset-tokenization","tag-bafin","tag-germany","tag-liquid-network","tag-regulation","tag-token-sales"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"BaFin approves Exordium's Bitcoin-based STO for EXOeu on Stokr; min. $100.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/49671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=49671"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/49671\/revisions"}],"predecessor-version":[{"id":49673,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/49671\/revisions\/49673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/49672"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=49671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=49671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=49671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}