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Bitbond becomes the first regulated blockchain firm to issue security tokens offerings

A German-based Blockchain firm, Bitbond announced that it has received a green signal from the regulators to issue security tokens offering (STO). Accordingly, BaFin, the German Federal Financial Supervisory Authority has approved Bitbond’s STO plea under the German Banking Act.

What’s happening here?

Bitbond, the blockchain based lending enterprise is now the first firm in Germany to be regulated by BaFin and comply with transparent rules. Per the statement, Bitbond’s STO carries an issue volume of 100 million euros. Additionally, private investors can also participate in STO.

The fact that private investors can now participate in STO is a huge move.

In an announcement, Radoslav Albrecht, Bitbond founder, and CEO notes that;

“We are the first regulated blockchain company to set new standards. It is important for us to show investors who trust our platform that we act according to transparent rules.”

Bitbond claims that the interest of investors is highly turning the ways from tokens being structured as securities. Such security tokens of Bitbond is issued on Stellar’s blockchain. One who wish to invest in Bitbond’s STO, they can head up investment in Euro, Stellar Lumens (XLM), Bitcoin (BTC) or Ethereum (ETH) but ensure that the firm will provide returns in XLM.

Bitbond believes to raise around €1 billion lending annually by 2022. In a similar matter, the CEO Albrecht speak in an interview with local media Handelsblatt. He says that while the firm can raise between €3 to €5 million, STO can boost these figures to up to €100 million.

The local German media also revealed that regulators still have three more ‘prospectus examination in pending line’ – this was confirmed during an event by Thomas Eufinger, the Department Head of the Prospectus Examination at BaFin.


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Samuel Tan

Samuel Wan has been an analyst and cryptocurrency evangelist for the last few years. Previously he worked as a consultant for a Big 4 consulting firm and is passionate about how blockchain will make an impact in the world. You can contact Sam at

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