German Regulator Approves Bitcoin-based Security Token Offering

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The German Federal Financial Supervisory Authority (BaFin) has just approved the STO of the game publisher Exordium for the EXOeu token on the digital asset marketplace Stokr.

EXOeu was released on securities tokenization platform Blockstream Amp based on the Liquid Network.

Exordium has previously received similar permits from financial regulators in Luxembourg, France, Spain and Portugal.

The minimum investment size for EXOeu is $100.

Exordium will use the funds to develop the multiplayer online sci-fi game Infinite Fleet. At the moment, the startup has attracted $7.3 million – from a token sale for investors in other countries and following the results of a seed round.

EXOeu will be listed on Bitfinex Securities, a platform for trading in tokenized securities regulated in Kazakhstan.