The Bitbond Token Bb1 Receives ISIN Shortly Before the End of the Offer Period

BERLIN, July 4, 2019 - Germany's first Security Token Offering (STO)​ issued in March by the blockchain company Bitbond​ with a securities prospectus approved by BaFin is entering the home straight. The offer period runs until July 8th, 2019. Since the launch of the Bitbond STO, more than EUR 2 million have been raised. 

This week the Bitbond Token (BB1) was the first crypto token to receive an international securities identification number - ISIN (WKN A2TR7Q, ISIN DE000A2TR7Q2). For many institutional investors, an ISIN is a prerequisite for a security to be investable and tradable. It is used to uniquely identify securities worldwide. 

Bitbond has also concluded cooperation agreements with two renowned crypto exchanges to list the BB1 token for trading. Both exchanges are in preparation to meet the necessary regulatory requirements for listing tokenised securities. Bitbond, together with the two exchanges, will announce the cooperation shortly after all formal legal requirements have been met. 

Investors will receive liquidity directly from the distribution of the BB1 token. Trading will be possible via the so-called Stellar Decentralized Exchange, which can be accessed via the websites stellar x​ and Stellarport, for example. 

Bitbond already regards the token issuance as a great success for the company and Germany as a location for tokenised securities. The Bitbond Token is the first bond issued on a completely new technological platform, the Stellar blockchain. 

With a minimum subscription of EUR 1, the public offering mainly appeals to experienced private investors. More than 1,200 investors have subscribed to the security so far. 

Numerous press articles in Germany and across the globe have highlighted the Bitbond STO as groundbreaking. It is unanimous opinion in the financial services industry that security tokens represent the future in the financial markets and securities sector. 

Beyond the issuance, experienced securities issuers are showing great interest in Bitbond's technology and expertise, inquiring the company to provide securities issuances and token generation “on chain” as a white-label solution. Bitbond is currently evaluating these projects and expects to work with a number of these companies in the future. 

About Bitbond Bitbond is the first global lending platform for small business loans. The company leverages blockchain technology to connect creditworthy borrowers with individual and institutional investors from over 120 countries. BB1 is Germany's first security token offering with a prospectus that is compliant with EU prospectus regulation and is supervised by the German financial regulator BaFin. 

Press contact Radoslav Albrecht [email protected] 

For more information:

OKEx to Foster Crypto Talent Via Mentorship Program

Popular cryptocurrency exchange OKEx is launching a mentorship program called Beacon Program in Europe to support those interest in the cryptocurrency space during the lockdown and foster new talent in the space.

According to a press release shared with CryptoGlobe, OKEx has noticed the cryptocurrency industry has been gaining significant traction, with the total number of confirmed Bitcoin transactions per day steadily rising since the March market crash, and the total trading volume on major exchanges surpassing $680 million in March.

The pandemic, according to the exchange, “undoubtedly accelerated the adoption of crypto” and encouraged people to see Bitcoin as a safe haven like gold or real estate. Given the increased interest, OKEx is expanding its presence beyond the 180 countries and regions it is currently serving, and expects to double its staff over the next two years.

The exchange’s CEO Jay Hao was quoted as saying:

This is an exciting time for OKEx, we plan to open new offices in more regions to better serve our users, and we’ve already started recruiting passionate blockchain professionals to grow and prosper together. We expect a 100% increase in the total number of staff in 2 years serving customers from around the world,

Hao added that OKEx is launching its Beacon Program to nurture talent in the cryptocurrency space. The program will recruit 6 mentees for a one-month mentorship program with Jay Hao himself and OKEx’s Director of Financial Markets Lennix Lai.

The program will see mentees join their mentors once a week for a 30-minute mentoring session on Telegram, and will allow them to participate in masterclasses given by industry professionals on topic surrounding the blockchain and cryptocurrency space.  The OKEx team will guide them by sharing industry research, news digests, and more with them so the most talented mentees join the firm.

As CryptoGlobe reported, OKEx burned 70% of its OKB token’s supply earlier this year, helping the cryptocurrency’s price surge little over 90% in a 30-day period. At the time it launched a testnet for its decentralized exchange, which further helped demand grow.

Featured image via Pixabay.