Jonny Fry Posted

First Security Token in Germany which is a Bond- Momentum for the issuing of Security Tokens is gathering pace with a Blockchain powered company called Bitbond, announcing it has regulatory approval from BaFin (German Federal Financial Supervisory Authority) to launch a bond to raise up to Euros 100million using the Stellar Blockchain.In contrast to ICOs, the securities prospectus for token-based bonds gives investors transparency and comprehensively documents their rights and the terms of the offer. The bond is subject to BaFin’s regulatory control. Bitbond has been approved as an asset broker under the German Banking Act for its blockchain-based lending business...