German 10 year euro bonds tokenized in the stellar network. The project received approval to issue tokenized bonds from Germany’s Federal Financial Supervisory Authority (BaFin)
A security token offering, approved by the German financial regulator, has raised more than a million dollars on its first day of the sale.
Bitbond, which is based in Berlin, is built on the Stellar (XLM) blockchain. It tokenizes ten-year euro bonds, issuing them in the form of a BB1 token. The funds raised are used to create loans for SMEs based all around the world.