Tag: BaFin

Tokenization Platform Upvest Raises €7 Million in Series A Round
Blockchain, Tokenization 101

Tokenization Platform Upvest Raises €7 Million in Series A Round

On December 12th, 2019, Upvest announced the acquisition of €7 million — approximately $7.8 million USD — in a Series A funding round. The company is developing a platform to tokenize financial assets using blockchain technology. Details on Securities Tokenization Platform Upvest’s Funding Round Based in Berlin, Germany, Upvest is a developing securities tokenization platform….

Germany Passes Law Enabling Banks to Store Cryptocurrencies
Blockchain

Germany Passes Law Enabling Banks to Store Cryptocurrencies

On November 29, 2019, the German Parliament passed a bill which amends an existing anti-money laundering directive to allow German banks to both sell and store cryptocurrencies. The new law will take effect January 1, 2020, though certain requirements must first be met through the country’s financial regulator. Germany’s New Law Allowing Banks to Store…

Report: STOs are Feasible in Germany, but Face Two Key Challenges
Opinions

Report: STOs are Feasible in Germany, but Face Two Key Challenges

Recent research led by Prof. Dr. Philip Sandner highlights the current state of the security token industry in Germany. While there are certainly signs of support and growth, there remain two key obstacles that the industry must overcome in order to accelerate security token adoption. The Security Token Industry in Germany Explained Security tokens are…

Fundament will Use Tezos for Security Token Issuance
Blockchain

Fundament will Use Tezos for Security Token Issuance

The Fundament Group, a Germany-based security token platform, will now use the Tezos blockchain for security token issuance. As part of the deal, the Tezos Foundation also invested an undisclosed amount in Fundament. Fundament’s Partnership with Tezos Explained Earlier this month, Fundament announced a partnership with Bauwens to tokenize $7 billion worth of real estate….

Black Manta Capital Receives BaFin Approval to Launch Security Token Offering Service in Germany
Blockchain, Business

Black Manta Capital Receives BaFin Approval to Launch Security Token Offering Service in Germany

As of August 19th 2019, Black Manta Capital Partners announced that its Berlin-based operating entity— BMCP GmbH— has received regulatory approval to launch a Security Token Offering (STO) service. The approval comes from the German Financial Markets Authority (BaFin), which has approved several STOs so far in 2019. Black Manta Capital to Launch STO Service…

Germany’s Securities Regulator Approves StartMark’s €50 Million Security Token Offering (STO)
Blockchain, STOs

Germany’s Securities Regulator Approves StartMark’s €50 Million Security Token Offering (STO)

On July 22nd 2019, StartMark announced the approval of the second STO to ever be granted by Germany’s securities regulator, the Federal Financial Supervisory Authority (BaFin). The STO aims to raise up to €50 million and will utilize the Ethereum blockchain. StartMark’s STO Approved by BaFin Explained Until yesterday, BaFin had only approved one STO….

Bitbond Prepares to be the First STO in Germany
Blockchain, STOs

Bitbond Prepares to be the First STO in Germany

Recently, Bitbond was approved by the Germany securities regulator BaFin to hold their security token offering. Now, the company is making the final preparations before their token sale. The STO will likely be Germany’s first and indicates a growing acceptance of digital securities in the finance center of Europe. Bitbond’s STO is fast-approaching. Being approved…

German Securities Regulator BaFin Approves Tokenized Bonds by Bitbond
Blockchain, STOs

German Securities Regulator BaFin Approves Tokenized Bonds by Bitbond

As of February 18th 2019, Bitbond has received regulatory approval from German securities watchdog BaFin to issue tokenized bonds. Bitbond is also set to launch a Security Token Offering (STO) in mid-March 2019, highlighting the regulatory progress of tokenized securities in Germany. BaFin Approves Bitbond’s Tokenized Bonds in Germany Bitbond, a Fintech enterprise which helps…