Bitbond Regulated Security Token BB1 Becomes Tradable

Bitbond, a peer to peer lending platform that recently completed a security token offering for a bond-like security (BB1), has said the token is now tradable.

In a tweet, Bitbond claimed the title of the first regulated EU security token to accomplish this feat.

While initial trades have been few, it is just the first day, and thus Bitbond provides a start to finish pathway for other digital assets to follow.

The Stellar platform describes the BB1 token as follows:

BB1 is a bond (tokenized security). Bond type: corporate bond. Seniority: subordinated unsecured debt. Industry: Finance. Country of issue: Germany. Issued on: 01-JUL-2019. Maturity: 01-JUL-2029. Fixed coupon: 4.00% p.a. (frequency: quarterly, first coupon date: 01-OCT-2019). Floating coupon: 60% of the pre-tax profit of Bitbond Finance (frequency: annually). Par value: 1.00 EUR. ISIN: DE000A2TR7Q2. ITIN: 8WR5-AKBG-X. All coupons and the repayment of BB1 are EUR denominated and paid in XLM to holders of BB1 at the time of a payment due date. Approved securities prospectus according to EU Prospectus Regulation: https://www.bitbondsto.com/files/bitbond-sto-prospectus-de.pdf Callable yearly: next call 31-DEC-2021 at 100%.

Since Bitbond completed its offering, two other BaFin approved STOs have been announced.

One, StartMark is a fund like offering to allow a diversified investment in early stage firms.

The other, is Fundament, a digital asset that is tokenizing real estate – seeking to raise €250 million. Anyone may invest in all of the above.


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