Germany’s securities regulator BaFin has approved Bitbond to issue a security token offering (STO) called the Bitbond Token (BB1) on the Stellar network. The raise will fund Bitbond’s business financing products, and token holders will receive 4% annual interest plus a variable coupon based on profits. The token will be tradable on the Stellar DEX after the sale.
Hacker Noon expands on the Bitbond STO and discusses their stable coin partnership with Tempo.
DSTOQ published a demo video of their upcoming trading app for exchanging stocks and ETFs on the Stellar network and released an application for their Beta Tester program.
Smartlands announced an upcoming wallet that will allow for holding and trading securities on Stellar in a compliant way.
DSTOQ lays out a compelling mission - to give people in countries with volatile local currencies access to foreign and stable stock exchanges.
Smartlands advisor Viktor Krekotin lays out the advantages of a Security Token Offering (STO) compared to an ICO and why Stellar’s Compliance Protocol and other features make sense for issuing a STO.