The German regulator BaFin has approved the security token offering (STO) for game publisher Exordium’s EXOeu token for the German market, according to STOKR, the EU’s pioneering digital marketplace for alternative assets. This makes STOKR the first security token issuance platform to be approved by BaFin to host a Bitcoin sidechain-based security token offering.
Exordium, sci-fi MMO strategy game Infinite Fleet’s publisher, has been hosting their STO on STOKR since January 2021. It has also raised over US$7.3 million to date. Previously, German retail investors were not allowed to participate in the STOKR offering.
German retail investors can now invest in EXOeu via STOKR immediately, according to BaFin clearance.
The offering’s EXOeu token is issued by Blockstream AMP. It is a platform for the tokenization of securities based on Bitcoin’s Liquid sidechain and directly connected with STOKR.
The BaFin approval is especially significant because it is one of the few cross-border issuances of registered securities that have been approved.
“The approval by BaFin for Exordium’s STO in Germany heralds the start of a new era of cross-border blockchain-based issuances of registered securities”. said STOKR co-founder Tobias Seidl.“Bitcoin is a fundamental backbone of future capital markets, which will be constructed on blockchains,” says the company.
Since its inception in 2017, STOKR has maintained tight ties with a number of European regulators in order to promote the financial innovation afforded by security tokens. STOKR is one of the few alternative asset marketplaces in the EU that caters to both private and professional investors seeking investment opportunities previously only available to venture capital and private equity organisations.
Infinite Fleet developer Samson Mow remarked, “Germany is a major market for the game business. And, we’re pleased to be able to now respond to demand from this region”. “We are particularly thrilled…
