German Federal Office for the Surveillance of Financial Services (BaFin) decided to grant a license to the platform STO belonging to the stationed in Luxembourg Black Manta Capital. The decision-making process lasted nearly 9 months.
The STO market is increasingly taken by regulators
This is one of the reasons most important financial supervisory authorities in Europe, controlling various categories of financial institutions.
The new STO platform, which will be run in Germany, is a functional tool that provides users with all process-related services tokenizacji.
This includes selling, creating and then distributing digital assets. As you know, these assets can represent a variety of goods, and since they are included in securities, regulatory compliance is necessary for them.
That's why acceptance BaFinalthough it took many months to make the final decision, it certainly represents an important return of financial supervisors towards digital markets.
9 months of negotiations
Talks with BaFin lasted nearly 9 months. After their completion, the Black Manta Capital company - BMCP GmbH, she obtained official status of financial services institutions.
In practice, this means that it can provide technology-based financial services blockchain.
Platform operators are deeply convinced that security tokens will bring completely new perspectives for traditional securities markets. Thanks to intelligent investment agreements based on blockchain, investors will get much wider access to capital.
Although the use of block chains in the financial sector still raises many reservations from regulators, BaFin seems to see that the development and dissemination of this technology is inevitable, so that the most reasonable solution seems to be to supervise this area.
About the Black Manta Capital platform
Black Manta Capital was founded in 2008, so it is a very young company. The scope of its activity includes services related to tokenizationand its strategy has a global dimension - it seeks to enter its continents with other services, with particular emphasis on Asia.