The first round will take place on 15 April and they are aiming to raise EUR 5M from investors in Europe and the United States. The round is part of Blockport’s wider strategy to raise between EUR 15M and EUR 30M in multiple stages. The security token, Blockport Securities (BPS), represents a depositary receipt or certificate for a corresponding share and entitles holders to applicable dividends payments. It is the first compliant STO targeting retail investors in Europe. The tokens will be issued using Tokeny’s T-REX (Token for Regulated Exchanges) standard.
Kai Bennink, Blockport Founder & Chief Strategy, talked about issuing the security with Tokeny,
“We’re working with Tokeny since they’re one of the leading issuance platforms in the industry and one of the few that have helped multiple companies successfully issue security tokens. Besides the technical side, Tokeny has a strong partner network and they can connect us with all the necessary parties needed to issue a complaint STO.”
Tokeny CEO, Luc Falempin commented,
“One of the key benefits of tokenized securities is that when compared to traditional methods, they bring private opportunities to a significantly wider pool of investors. The Blockport offering is truly cross-jurisdictional, and will allow retail and qualified investors from the European Economic Area and accredited investors from the United States to participate. This opens up the opportunity for Blockport to access new investors and the potential for a worldwide investor base.”
Blockport will issue their token in the United States under Rule 506(c) under Regulation D of the United States Securities Act of 1933 to accredited investors and a separate offering to investors in Europe and other participating countries. The STO symbolises Blockport’s ambitions to expand into the United States and further solidify its position in Europe.
More information on the STO here
The Luxembourg based fintech company is the market-leader in delivering an institutional grade, secure end-to-end platform, allowing for the issuance and servicing management of digital assets.
Tokeny utilizes the T-REX (Token for Regulated EXchanges) infrastructure to ensure compliance from the issuance of tokenized securities to their lifecycle management. Tokeny provides technical solutions to onboard investors, manage corporate actions such as dividends, voting, and announcements. Their solutions ensure continuity with regards to KYC and AML compliance checks, ensuring all participants are eligible for the investment.
Tokeny’s solution leverages blockchain technology and couples it with decades of experience from the traditional securities world. Tokeny utilizes this background to make the participation of any contributor in a security token offering transparent, accessible, and completely secure.
Blockport is launching its first equity-based fundraising round through a Security Token Offering (STO), launching on the 15 of April 2019.
Blockport is an Amsterdam-based, fiat-to-cryptocurrency trading platform that strongly focuses on usability and social trading features to provide a secure, efficient and enjoyable experience to its users.
The Blockport platform is connected to external exchanges and aggregates liquidity through its smart-order-routing system to automatically offer the best prices to its users. In the coming year, Blockport is building on a hybrid-decentralized architecture that allows users to trade with high performance, whilst safely storing their funds on a blockchain wallet, meaning they own their private keys