A new platform for Security Token Offerings (STO) will be launched in Germany this year. The technological basis for this is formed by Ethereum and Polygon (MATIC).
The German FinTech companies neoFIN, Cashlink and Tangany are planning a new platform for issuing tokenized securities (security tokens). This emerges from a press release that BTC-ECHO has received. Thereafter, the new STO platform will focus on “sustainable digitized material assets”. The launch should take place in Q4 2021 at the latest.
We bring issuers, investors and distributors together on our own STO platform and create lasting win-win situations. Companies looking for capital meet already registered investors at the beginning of their financing, who in turn have a high affinity for tokenized investments and can build and manage their portfolio of digital securities here. We address private and institutional investors as well as family offices with our sustainable material assets. Sales partners, on the other hand, have the opportunity to use the platform in an uncomplicated manner for their customer acquisition and maintenance and for the onboarding of new partners in an automated, digital process.
explains neoFIN sales expert Patrick Schütze. The tokenization company Cashlink is responsible for the technical implementation of the security token platform. According to the press release, the main focus is on Ethereum and Polygon (MATIC). The custody of the security tokens is carried out by the custodian Tangany, who already gained experience in the field of “green” STOs with the Green Ship Token last year.
Advantages of STO compared to classic securities issues
Although security tokens represent a promising use case for blockchain technology, the new investment vehicle has had a difficult time so far. In particular, regulatory ambiguities caused many STO-curious companies to shy away from tokenization, for example of bonds or company shares. With the law on the issue of electronic securities that came into force in 2021, the fog has lifted, at least in this country. For companies, tokenization offers several tempting advantages. Traditionally illiquid assets such as real estate liquidity can also be generated with security tokens. In addition, unlike traditional securities transfers, the transfer of security tokens is not only subject to lower transaction fees, but is also possible outside of stock exchange opening hours.
Blockchain technology will permanently change and digitize the capital market. Classic investments offer a perfect use case, especially for digitizing access to traditional tangible assets and offering investors more liquid assets. We are pleased to combine our technology with neoFIN’s many years of market expertise,
Cashlink managing director Michael Duttlinger is looking forward to the new STO platform.