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Title: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: wwzsocki on March 08, 2019, 10:31:42 AM Security tokens have reached another milestone, this time in Germany.
The Federal Financial Supervisory Authority (BaFin) approved Bitbond's prospectus for the issue of the first digital bonds. The bonds will be represented by tokens in the Stellar Blockchain network and will contain the first fully regulated offer for security tokens (STO) in Europe. CrowdFundInsider informs that Bitbond expects to collect from 3 to 5 million euros by selling bonds with a hard cap of 100 million euros. The proceeds from the sale will be used to borrow for Bitbond customers. According to the Prospectus, each BB1 token will represent a ten-year bond for one euro, with 4% of annual interest paid in quarterly installments. The investor token will also receive an annual variable rate coupon, based on a share of 60% of Bitbond profits. The interest on the bonds as well as the repayment of the capital will be paid in Stellar Lumens (XLM). Recently, I wrote that in Switzerland property was tokenized for the first time and this is a sensation for all those waiting for legislative decisions of real estate projects using the blockchain technique. https://bitcointalk.org/index.php?topic=5117849 Today's news from Germany is a milestone when it comes to security token be able to legally offer STO security tokens offerrings, which will be able to pay different dividends for those holding investors. We've all been waiting for that and, if countries like Germany or Switzerland, give the green light for security tokens and real estate tokenization using blockchain technology (Ethereum and Stellar). In this case, you can expect that other countries will also open up to this type of tokens and start-ups. I used the elements of this article https://cryptobriefing.com/bonds-stellar-bonds-german-regulators-approve-bitbond-sto/ Title: Re: Germany - green light for Bitbond to issue the first digital bonds Post by: Awesomus Maximus on March 08, 2019, 10:47:21 AM This is good news to see that security tokens are going to be issued in Europe as well. I wonder what it takes to invest in these bonds? As seen on the sign up page of Bitbond's website, they ask for your name, but does anybody know if they ask for a full KYC procedure? Also this is very good news for the Stellar platform in general. If they are going to attract projects of this caliber, maybe one should consider investing in XLM too?
Title: Re: Germany - green light for Bitbond to issue the first digital bonds Post by: cryptogeek101 on March 08, 2019, 10:56:21 AM Security tokens have reached another milestone, this time in Germany. The Federal Financial Supervisory Authority (BaFin) approved Bitbond's prospectus for the issue of the first digital bonds. The bonds will be represented by tokens in the Stellar Blockchain network and will contain the first fully regulated offer for security tokens (STO) in Europe. CrowdFundInsider informs that Bitbond expects to collect from 3 to 5 million euros by selling bonds with a hard cap of 100 million euros. The proceeds from the sale will be used to borrow for Bitbond customers. According to the Prospectus, each BB1 token will represent a ten-year bond for one euro, with 4% of annual interest paid in quarterly installments. The investor token will also receive an annual variable rate coupon, based on a share of 60% of Bitbond profits. The interest on the bonds as well as the repayment of the capital will be paid in Stellar Lumens (XLM). Recently, I wrote that in Switzerland the property was tokenized for the first time and this is a sensation for all those waiting for legislative decisions of real estate projects using the blockchain technique. https://bitcointalk.org/index.php?topic=5117849 Today's news from Germany is a milestone when it comes to security token be able to legally offer STO security tokens offerrings, which will be able to pay different dividends for those holding investors. We've all been waiting for that and, if countries like Germany or Switzerland, give the green light for security tokens and real estate tokenization using blockchain technology (Ethereum and Stellar). In this case, you can expect that other countries will also open up to this type of tokens and start-ups. I used the elements of this article https://cryptobriefing.com/bonds-stellar-bonds-german-regulators-approve-bitbond-sto/ I think the introduction of crypto bonds in the cryptocurrency market is a welcome development to the cryptocurrency community,it's going to increase investors confidence in the market. Thanks for the positive information Title: Re: Germany - green light for Bitbond to issue the first digital bonds Post by: el kaka22 on March 08, 2019, 04:44:35 PM These are really good things to hear and see. I mean Germany is a very progressive country so it is not a shock that these good news are coming out of them but they also have the Deutsche bank or whatever that criminal organization is based on their country so I can't really say how fair their economy could be.
At one point they do progressive innovative great things like these digital bonds but also go out and carry the drug lords money on their banks and give them credit cards and so forth to be able to spend their money without worrying about money laundering at all. In any case, it is a right step towards the bitcoin worlds future and it is definitely welcomed, the more of these things happen the more recognition bitcoin will get and the price will go up. Title: Re: Germany - green light for Bitbond to issue the first digital bonds Post by: tycsols on March 08, 2019, 04:48:54 PM That is massive development considering the upcoming trend of stos and blockchain based securities i am sure more and more countries and regulators will follow and i hope all type of stos will be allowed based on all blockchains especially erc 20 tokens based stos will also be given green signal soon.
Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: wwzsocki on March 09, 2019, 12:25:08 PM These are really good things to hear and see. I mean Germany is a very progressive country so it is not a shock that these good news are coming out of them but they also have the Deutsche bank or whatever that criminal organization is based on their country so I can't really say how fair their economy could be. At one point they do progressive innovative great things like these digital bonds but also go out and carry the drug lords money on their banks and give them credit cards and so forth to be able to spend their money without worrying about money laundering at all. In any case, it is a right step towards the bitcoin worlds future and it is definitely welcomed, the more of these things happen the more recognition bitcoin will get and the price will go up. That is massive development considering the upcoming trend of stos and blockchain based securities i am sure more and more countries and regulators will follow and i hope all type of stos will be allowed based on all blockchains especially erc 20 tokens based stos will also be given green signal soon. I think this news is huge for the industry but especially for ETH and Stellar. This could be the fuel for the price to go up and break this bear trend a little. We have all waited for the first security tokens and finally, there are they. Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: GregH37 on March 09, 2019, 01:06:28 PM This is a very great news and I think in the nearest future, ICO will seize to exist and we would only see STO which is far more better since it is regulated by the government, I think STO will bring trust to investors again who has lost hope and money in the crypto space.
I am speaking as one of those investors who have lost a lot of money in crypto not just because of the dump in price of coin, but in ICO projects that always turns out to be a scam. I invested in 5 ICOs thinking that if any one is a scam, at least I would benefit much more from another, but all failed. Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: torrantz on March 09, 2019, 11:50:14 PM I've invested in Bitbond loans shortly after they launched their platform (I think 2014), without and special tokens, just plain BTC loans. The fraud rate was incredible high and about 70% of my loans ended up in default, most of them before even one payment was made. Interest rate for lenders was ridiculous high (but still not high enough, considering that default rate), something like 80% APR. As an investor I will stay away from everything this platform is doing, regulated or not. I can believe it, i have even heard someone was saying the same thing like you in the past. the collateral should worth more than the loans that already given by lenders. But just curious about what was happening with your loans that's got default? Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: wwzsocki on March 11, 2019, 09:00:45 AM I've invested in Bitbond loans shortly after they launched their platform (I think 2014), without and special tokens, just plain BTC loans. The fraud rate was incredible high and about 70% of my loans ended up in default, most of them before even one payment was made. Interest rate for lenders was ridiculous high (but still not high enough, considering that default rate), something like 80% APR. As an investor I will stay away from everything this platform is doing, regulated or not. I can believe it, i have even heard someone was saying the same thing like you in the past. the collateral should worth more than the loans that already given by lenders. But just curious about what was happening with your loans that's got default? I think you guys messed up something. I don't think is the same BigBand. This is offtopic and I am sure that both of you are in the wrong thread. Please correct me if I am wrong. Adjust correctly or I will have to report this post. I will wait for a few days and send you a PM. Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: funchiestz on March 11, 2019, 09:04:13 AM Security tokens have reached another milestone, this time in Germany. The Federal Financial Supervisory Authority (BaFin) approved Bitbond's prospectus for the issue of the first digital bonds. The bonds will be represented by tokens in the Stellar Blockchain network and will contain the first fully regulated offer for security tokens (STO) in Europe. CrowdFundInsider informs that Bitbond expects to collect from 3 to 5 million euros by selling bonds with a hard cap of 100 million euros. The proceeds from the sale will be used to borrow for Bitbond customers. According to the Prospectus, each BB1 token will represent a ten-year bond for one euro, with 4% of annual interest paid in quarterly installments. The investor token will also receive an annual variable rate coupon, based on a share of 60% of Bitbond profits. The interest on the bonds as well as the repayment of the capital will be paid in Stellar Lumens (XLM). Recently, I wrote that in Switzerland property was tokenized for the first time and this is a sensation for all those waiting for legislative decisions of real estate projects using the blockchain technique. https://bitcointalk.org/index.php?topic=5117849 Today's news from Germany is a milestone when it comes to security token be able to legally offer STO security tokens offerrings, which will be able to pay different dividends for those holding investors. We've all been waiting for that and, if countries like Germany or Switzerland, give the green light for security tokens and real estate tokenization using blockchain technology (Ethereum and Stellar). In this case, you can expect that other countries will also open up to this type of tokens and start-ups. I used the elements of this article https://cryptobriefing.com/bonds-stellar-bonds-german-regulators-approve-bitbond-sto/ No country has officially issued an official statement on the crypto coins, but it has begun to issue permits as infrastructure. Moreover, some state-funded projects are increasing. Especially EU countries have been active in this area for a while. In this project I think it is important that a country like Germany is approved. Germany is one of the most dominant economic forces in the EU. Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: sell my ac_________nt on March 11, 2019, 09:19:16 AM I think this is a very important step towards the adoption of cryptocurrencies and blockchain at the state level. I am sure that other countries will follow Germany's example very soon.
Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: likit123 on March 11, 2019, 09:48:45 AM My buddy is participating in the German Alcedo campaign. ALCEDO creates an infrastructure that helps cryptocurrencies to gain wide acceptance. I say this because the Germans are smart, when other countries are afraid and prohibit cryptography, Germany goes ahead because she knows the future of cryptography.
Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: wwzsocki on March 12, 2019, 04:36:06 PM There is even more good news from Switzerland for real estate niche lately.
Around CHF 3 million, or 20 percent of the property value, was tokenized before being sold to four investors in a club deal. The tokenized property is located at Grabenstrasse 3 in Baar, in the canton of Zug, and consists of 18 apartments and the ‘Hello World’ restaurant. This makes Baar the site of the first property in Switzerland that also has a ‘digital twin’ on the blockchain. The four transactions were carried out on the Ethereum blockchain and can be verified on the blockimmo platform. Tokenizing is the process by which the real asset value of the property is represented digitally on the Ethereum blockchain in token form. There is more if you want to read https://medium.com/blockimmo/hello-world-from-the-crypto-valley-first-real-estate-transaction-on-blockchain-2bf985b0ff3 Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: torrantz on March 13, 2019, 08:20:50 AM I've invested in Bitbond loans shortly after they launched their platform (I think 2014), without and special tokens, just plain BTC loans. The fraud rate was incredible high and about 70% of my loans ended up in default, most of them before even one payment was made. Interest rate for lenders was ridiculous high (but still not high enough, considering that default rate), something like 80% APR. As an investor I will stay away from everything this platform is doing, regulated or not. I can believe it, i have even heard someone was saying the same thing like you in the past. the collateral should worth more than the loans that already given by lenders. But just curious about what was happening with your loans that's got default? I think you guys messed up something. I don't think is the same BigBand. This is offtopic and I am sure that both of you are in the wrong thread. Please correct me if I am wrong. Adjust correctly or I will have to report this post. I will wait for a few days and send you a PM. https://bitcointalk.org/index.php?topic=248441.0;all Some people were thinking if the put their amounts as loans in bitbond will be the same as they were investing in the company. But they are wrong in this case. Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: mrdeposit on March 13, 2019, 08:40:08 AM There is even more good news from Switzerland for real estate niche lately. Here we go! Good news makes me put my last money in the trading account for having buying power. Real estate backed projects are not the value of property in my opinion but I didn't get the main point behind this article, honestly.Around CHF 3 million, or 20 percent of the property value, was tokenized before being sold to four investors in a club deal. The tokenized property is located at Grabenstrasse 3 in Baar, in the canton of Zug, and consists of 18 apartments and the ‘Hello World’ restaurant. This makes Baar the site of the first property in Switzerland that also has a ‘digital twin’ on the blockchain. The four transactions were carried out on the Ethereum blockchain and can be verified on the blockimmo platform. Tokenizing is the process by which the real asset value of the property is represented digitally on the Ethereum blockchain in token form. There is more if you want to read https://medium.com/blockimmo/hello-world-from-the-crypto-valley-first-real-estate-transaction-on-blockchain-2bf985b0ff3 Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: wwzsocki on March 14, 2019, 05:30:03 PM I've invested in Bitbond loans shortly after they launched their platform (I think 2014), without and special tokens, just plain BTC loans. The fraud rate was incredible high and about 70% of my loans ended up in default, most of them before even one payment was made. Interest rate for lenders was ridiculous high (but still not high enough, considering that default rate), something like 80% APR. As an investor I will stay away from everything this platform is doing, regulated or not. I can believe it, i have even heard someone was saying the same thing like you in the past. the collateral should worth more than the loans that already given by lenders. But just curious about what was happening with your loans that's got default? I think you guys messed up something. I don't think is the same BigBand. This is offtopic and I am sure that both of you are in the wrong thread. Please correct me if I am wrong. Adjust correctly or I will have to report this post. I will wait for a few days and send you a PM. https://bitcointalk.org/index.php?topic=248441.0;all Some people were thinking if the put their amounts as loans in bitbond will be the same as they were investing in the company. But they are wrong in this case. Thank you for this explanation. First I thought that this is just coincidence and these companies have this same name but when I started to look on the web and read articles from your links it is obvious that this is the same company. Your post stays. Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: wwzsocki on March 14, 2019, 05:45:57 PM There is even more good news from Switzerland for real estate niche lately. Here we go! Good news makes me put my last money in the trading account for having buying power. Real estate backed projects are not the value of property in my opinion but I didn't get the main point behind this article, honestly.Around CHF 3 million, or 20 percent of the property value, was tokenized before being sold to four investors in a club deal. The tokenized property is located at Grabenstrasse 3 in Baar, in the canton of Zug, and consists of 18 apartments and the ‘Hello World’ restaurant. This makes Baar the site of the first property in Switzerland that also has a ‘digital twin’ on the blockchain. The four transactions were carried out on the Ethereum blockchain and can be verified on the blockimmo platform. Tokenizing is the process by which the real asset value of the property is represented digitally on the Ethereum blockchain in token form. There is more if you want to read https://medium.com/blockimmo/hello-world-from-the-crypto-valley-first-real-estate-transaction-on-blockchain-2bf985b0ff3 The main point of this article is a green light for tokenization of real estate. Which is a milestone because a lot of real estate related projects like Atlant are waiting for licenses and approvals for EU countries. I have to add that Atlant is like a sleeping giant and when finally they will get the license I think ATL token will go up to the stratosphere because this is a very good project. They already added a new standard of security tokens (ERC-1462) and revolutionized the ETH Truffle Network, which has been improved with the version called (ATLANT) Ethereum Playbook. Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: wwzsocki on March 14, 2019, 05:50:44 PM snip You are in the wrong thread or messed something up when posting. I don't want to say that you post this spammy off-topic post in a purpose. I will give you some time to adjust your post or write an explanation before I will hit the report button and put you on my IGNORE list for spamming. Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: eternalgloom on March 14, 2019, 06:26:35 PM It's great to hear that some European countries are finally explicitly allowing this sort of stuff.
Now I just hope that even more European countries will follow suit and take Germany's example on this. Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: Omela44 on March 14, 2019, 06:32:46 PM The good news does not really break from currently. It shows again that crypto is still on the rise. I am particularly pleased to read such news from germany.
Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: wwzsocki on March 27, 2019, 11:05:24 AM It's great to hear that some European countries are finally explicitly allowing this sort of stuff. Now I just hope that even more European countries will follow suit and take Germany's example on this. The good news does not really break from currently. It shows again that crypto is still on the rise. I am particularly pleased to read such news from germany. I am sharing this news because I am sure this is very important for many crypto related projects to have regulated background in EU to be able to fulfill all promises given during ICO's especially when it goes to issue and sell security tokens on the exchanges or to tokenize something. There is still lack of regulations and many projects are waiting for licenses and sometimes even laws regulating these new niches. Title: Re: Germany - green light for Bitbond to issue the first digital bonds!!! Post by: N0sferatu on March 27, 2019, 12:07:15 PM Especially in a country with massive bureaucracy like Germany such news is absolutely astonishing!
Thanks for sharing! It's great to hear that some European countries are finally explicitly allowing this sort of stuff. Now I just hope that even more European countries will follow suit and take Germany's example on this. The good news does not really break from currently. It shows again that crypto is still on the rise. I am particularly pleased to read such news from germany. I am sharing this news because I am sure this is very important for many crypto related projects to have regulated background in EU to be able to fulfill all promises given during ICO's especially when it goes to issue and sell security tokens on the exchanges or to tokenize something. There is still lack of regulations and many projects are waiting for licenses and sometimes even laws regulating these new niches. |