STOKR RECEIVES BaFin APPROVAL FOR THE FIRST BITCOIN-BASED STO IN GERMANY

Today is a big day — we’re stoked to share that Germany’s financial regulator BaFin has officially approved the first Bitcoin-based security token offering (STO) for the German market.

With immediate effect, German retail investors can now participate in Exordium’s EXOeu offering on STOKR, with the minimum investment starting at $100. Exordium is the publisher of Infinite Fleet, an epic sci-fi MMO developed by a team of AAA game developers from the likes of Ubisoft, SEGA, Relic, and others.

EXOeu is issued on the Liquid Network, a sidechain of Bitcoin designed to facilitate faster and more confidential transactions than the Bitcoin mainchain. Liquid’s design makes it ideal not just for trading purposes, but also for the issuance and transfer of digital securities via Blockstream AMP.

Previously, BaFin only approved STOs issued on Ethereum. Achieving approval for an STO on a new network the regulator was unfamiliar with was a process that took many months, making our joy over the go-ahead even greater.

BaFin’s green light for Exordium’s STO also marks another milestone: it’s one of the only approved cross-border issuances of registered securities.

To learn more about the Infinite Fleet offering, check out its official STO page on STOKR. You can also find more information in Infinite Fleet’s offering document. Before investing, you should read the Offering Documentation in its entirety and make sure that you fully comprehend the risk profile and other parameters associated with the decision to invest in the securities.

We’re excited for the future of capital markets to be built on Bitcoin!

STOKR TEAM