BitBond, the German peer to peer lending platform encouraging investors to take a stake in SMEs, has been authorised by the German BaFin to issue the first German Security Token Offering (STO), which went on sale on 11th of March 2019. The STO is based on the Stellar blockchain, offering a fixed 4% return, with an additional variable coupon each year, maturing after 10 years. This means that global investors can now easily participate in directly benefiting small businesses, who lack access to credit and investment through traditional mechanisms.
The emergence of STOs paves the way for tokens as a...
