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Germany Grants BaFin License to Financial Firm for STO Platform

Published 08/19/2019, 09:07 AM
Updated 08/19/2019, 09:21 AM
Germany Grants BaFin License to Financial Firm for STO Platform

Luxembourg-registered financial firm Black Manta Capital Partners has received a license from the German Federal Financial Supervisory Authority (BaFin) for its Security Token Offering (STO) platform.

Black Manta Capital Partners announced on Aug. 19 that its Berlin-based entity received a MiFID II license by BaFin for its regulated STO platform on Aug. 1 nine months after filing. Now, the company will be able to offer regulated brokerage services using blockchain technology.

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