Bitbond Announces Tokenization Feature that Enables Public Offerings of Securities, More

Bitbond, the first firm to issue a security token in Germany approved by regulators, has announced a new feature to its tokenization tool that incorporates a “crowdsale feature.’

Announced earlier this year, the publicly available service may be utilized to create tokens on Ethereum, Polygon, Avalanche and BNB Chain. The took can be leveraged to tokenize financial assets like bonds or stocks, utility tokens, stablecoins, and non-financial assets such as digital collectibles, authenticity certificates, or digital art, according to Bitbond.

Issuers are said to be able to pursue token sales of IDOs, ICOs, and STOs, while restricting investment to whitelisted investors or setting bespoke characteristics

Bitbond said the tool supports multiple custody solutions such as Metamask / Metamask Institutional, Fireblocks, and Qredo. Moreover, Token Tool has been listed as a Gnosis Safe App.

The mission is to allow issuers to conduct a token sale and raise funds via a token offering without the need to write their own smart contracts.

Bitbond notes that it works mainly with banks and other financial intermediaries in the areas of tokenization and custody of digital assets based on blockchain technology.

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