Black Manta Capital Partners and Tokeny have formed a partnership to build a “fully compliant Multi-STO-Platform.” for Europe. It is important to note that the Black Manta Investment Platform is operated by BMCP’s Berlin (BMCP GmbH) which has reportedly received its license within the MiFID II regime by the German financial regulator BaFin, this past summer.
The two companies plan to launch the security token offering platform which is fully compliant and available to both retail and professional investors. According to a company release, the security token offerings will range from real estate projects, SMEs, and later-stage firms as well as tokenized commodities and funds. In brief, the STO platform plans to offer the full stack of digital assets which are securities or commodities.
Luxembourg based Tokeny received the backing of Euronext earlier this year when the exchange operator purchased a 23.5% stake in the blockchain platform. The investment is an important validation of Tokeny’s vision. Euronext is the largest stock exchange in continental Europe with approximately €4.1 trillion in market capitalization.
Black Manta Capital Partners, based in Luxembourg, is described as a “one-stop agency for all technical, financial, and legal aspects of Tokenization.”
Tokeny is expected to provide a white label tokenization platform while Black Manta Capital will provide compliance and investor protection as a regulated Financial Services Institution within the European Union.
Luc Falempin, CEO of Tokeny, explained that the partnership with Black Manta allows the two entities to each focus on what they do both. Tokeny will provide the institutional-grade tokenization solutions while BMCP builds out its investor community.
Christian Platzer, Co-Founder of BMCP, stated:
“Tokeny Solutions is one of the top global technology providers in tokenization. Having worked closely with the Tokeny Solutions team for several months, we can say: we speak the same language when it comes to the prospects for our industry and together we could not be more positive about the opportunities for security tokenization in Europe and around the world.”
BMCP also selected Tokeny Solutions for its previously announced T-REX token standard for tokenized securities. The security token standard is designed to ensure compliant transferability including identity management, validation certificates and a transfer manager. The T-Rex standard is a validator system that is designed to facilitate trading on multiple exchanges and is compliant by design.