STOKR PRODUCT UPDATE - DECEMBER 2024

Greetings, everyone! As 2024 draws to a close, we are thrilled to unveil a series of impactful updates designed to enhance the STOKR platform. These improvements are set to elevate the investment experience for both our investors and issuers. Dive in with us as we explore these new features and enhancements!

BMN1 Redemption: A Landmark Achievement in the Real World Asset Tokenization space

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The BMN1 redemption represents a monumental achievement in the realm of tokenized real-world assets. The Blockstream Mining Note (BMN1), issued in 2021 and maturing in July 2024, yielded 1212 BTC—equivalent to approximately US $129 million based on the current BTC price of $106,000.

Through our innovative redemption feature, investors are able to seamlessly redeem Liquid Bitcoin (LBTC) directly to their wallets that hold their BMN1. To redeem the BMN1, investors are required to send the BMN1 to the treasury wallet of the BMN1 issuer. This ensures that the investors have access to their wallets underscores the efficiency and security of blockchain technology, enabling investors to access their returns without intermediaries. Our intuitive interface simplifies the process, making it accessible to all investors. You can check how to redeem a BMN1 here How to Redeem BMN1 on STOKR for L-BTC

Additionally, BMN1 investors were offered an auto-rollover option into BMN2, featuring a 3% bonus. This allows continued exposure to Bitcoin mining operations with enhanced benefits. How we did rollover you can check here How to rollover BMN1 to BMN2 on STOKR

The BMN1 redemption exemplifies the potential of tokenization to reshape investment frameworks, offering unparalleled transparency and accessibility to investors.

Successful Execution of the First Stock Split on Liquid Network

On July 11, 2024, MicroStrategy announced a 10-for-1 stock split for its Class A and Class B common stock, which also took effect in August, 2024. In August, 2024, tokenised MicroStrategy Note $CMSTR underwent a 10-for-1 note split, seamlessly reflecting MicroStrategy's corporate action. 

To ensure a smooth split, token transfers were temporarily locked for a few hours while the 10:1 ratio notes were issued on the Liquid Network to the existing holders of the $CMSTR.

This marked the first stock split on the Liquid Network reflecting a corporate stock split, demonstrating the network's ability to seamlessly support such actions. The transaction is fully visible on the Liquid network ensuring transparency and integrity. STOKR is proud to have successfully facilitated this milestone, setting a precedent for future tokenized corporate actions.

Migration to Sumsub for Streamlined KYC Processes

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We've Heard You! For a long time, our user onboarding process faced challenges that we were unable to fully resolve. This year, we made the decision to upgrade to Sumsub, a leading identity verification platform. By migrating from our previous digital KYC solution, we’ve significantly enhanced both our Know Your Customer (KYC) and Know Your Business (KYB) workflows. This transition ensures greater efficiency, improved compliance, and most importantly, a smoother experience for our users. With Sumsub, we've successfully reduced onboarding time, allowing you to access our platform faster and hassle-free.

Sumsub’s advanced technology brings faster verification times, a better user experience, and enhanced fraud prevention, all seamlessly integrated into our platform. By automating document checks and leveraging advanced AI for identity verification, we’ve streamlined onboarding for our users.

Additionally, our compliance team now utilizes Sumsub's transaction monitoring tools for all crypto transactions, ensuring robust oversight. Sumsub enables us to uphold the highest standards of regulatory compliance with a full audit trail, while providing a smooth, user-friendly experience for our investors.

Integrated Fiat Payments with Mangopay

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To facilitate seamless transactions, we’ve integrated Mangopay as our payment service provider. This marks a significant milestone in simplifying fiat payment processes for our investors.

Mangopay is a trusted payment solution provider designed specifically for platforms like STOKR. With its integration, investors can now fund their accounts or make investments directly using fiat currencies without relying on external exchanges or additional steps.

Elevated Financial Market Insights on STO Details Pages

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Our platform now features comprehensive financial market data directly on the STO details pages. This includes trading tabs and performance charts that offer product-specific insights to help you make informed decisions.

Also we are now presenting secondary market data on investor dashboard:

And performance data on Aquarius STO page:

Mifid II Professional Certification and U.S. Accreditation

In line with regulatory requirements, we’ve implemented enhanced features to support Mifid II professional certification and U.S. accreditation under the Security Act of 1933. These updates ensure our  capacity to onboard investors from multiple jurisdictions.

Thank you for taking the time to explore these exciting updates. At STOKR, our dedication to providing a world-class investment platform remains unwavering. Stay tuned for more transformative features in 2025!