The first #sto milestone is German: Bitbond issues the first BaFin approved security token bond
▻https://hackernoon.com/the-first-sto-milestone-is-german-bitbond-issues-the-first-bafin-approve
Courtesy of Bitbond GmbHLastly it happened: a German company has won the race to issue a fully regulated security token, at least in Europe. Despite others having claimed to have “tokenized” something in the past, this Bitbond issue is a radical shift in the STO narrative so far.Indeed Bitbond — a Berlin based crowdfunding company — has released a prospectus approved by German regulator BaFin to raise funds by issuing a security token bond on the Stellar #blockchain, without a depositary bank, without certificates or coupons and intermediaries. Differently from what happens with traditional bonds, no commission/premium/agio will be charged to subscribers. Also the size of this STO is considerable, with an ambitious hard-cap of €100M.This is a big step forward, this is finally the game changer (...)