Bitbond’s Security Token BB1 Will be Immediately Tradable Upon Issuance

Bitbond announced the first BaFin approved security token in February. The digital asset, BB1, is a debt based offering with a targeted return of 8% per annum which includes a 4% coupon and a participation percentage (60%) baked into the crypto. BBI was issued with a compliant prospectus and the offering is live on the Bitbond site now.

A Tokenized Bond

Interestingly, BBI will be immediately tradable following the issuance. Tradability, or liquidity, was one of the characteristics that made ICOs so popular. In a tweet, Bitbond confirmed the tradability:

As an investor, one of the most important aspects of any token is how easily you can trade it. That is why we are delighted that the BB1 token will be tradeable the moment it is issued.

Bitbond adds that the token will be tradable on the “integrated decentralized exchange of the Stellar blockchain after the end of the subscription period.”

BitBond BB1 token may be purchased with BTC, ETH, XLM and Euros. The subscription period is scheduled to end on the 10th of May. Wallets are automatically created following the purchase.

According to their website, €1.8 million has been raised to date.

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