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March 8th, 2019 - For its upcoming Security Token Offering (STO), global SME lending platform Bitbond partners with solarisBank, the Berlin-based technology platform with a banking license.

Starting March 11th, Bitbond will be launching Germany’s first Security Token Offering with a prospectus that is approved by the German financial regulator BaFin. Thus, Bitbond is the first in Germany to issue a comprehensively regulated security token.

According to the BaFin approved prospectus, all token holders will receive fixed quarterly coupon payments, as well as a variable annual coupon. The Bitbond token has a maturity period of ten years, meaning that Bitbond is legally committed to buying back the BB1 token at its original value of €1 after ten years.

Bitbond accepts bank account wires as well as the crypto-currencies Stellar Lumens, Bitcoin and Ether as a means of payment for the tokenized bond offering. To process bank transfers efficiently, Bitbond partners with solarisBank to leverage their innovative Blockchain Factory.

Founded in March 2016, solarisBank has received a full banking license and has since established itself as a financial innovator and banking as a service platform in Europe.

The announced partnership ensures that Bitbond will have a secure German bank by its side during the Bitbond STO. Over the next 3 months, solarisBank’s Blockchain Factory will be working closely with Bitbond to provide all Bitbond STO investors with individual IBAN numbers to deposit their investment.This will enable Bitbond to seamlessly allocate payments to investors.

Additionally, Bitbond can access their solarisBank account via an API connection, meaning that payments can be allocated in real time. The API connection and individual IBAN numbers will, therefore, play a crucial role in tracking fiat payments during the Bitbond STO.

In regards to this partnership, Founder and CEO of Bitbond Radoslav Albrecht said “We are delighted to be working so closely with another innovator in the financial industry. This partnership will ensure both crypto & fiat STO investors will be equally tracked and can invest in the Bitbond STO in a secure manner.”

While the Chief commercial officer of solarisBank, Jörg Diewald stated “We are excited to be providing our support and expertise during such a groundbreaking project. Innovation in the financial space is key to growth and solarisBank is contributing to this growth by facilitating projects like the Bitbond STO”.

About Bitbond

Bitbond was established in 2013, as the first global business lending platform. Private and institutional investors finance the loans to achieve above average interest returns. Bitbond conducts a credit check on every borrower via its proprietary scoring technology.

Over the past 6 years, Bitbond has generated over $15 million worth of SME loans, funded in over 80 different countries. By using the blockchain for payment processing Bitbond and its users are independent of banks. Bitbond is the first German regulated financial services provider that uses blockchain technology. .

Bitbond Videos
Bitbond company video- https://www.youtube.com/watch?v=TIK0HRhqqfM&t
Introducing Bitbond Token BB1 - https://www.youtube.com/watch?v=LVTbnSQmWcc
Bitbond success stories - https://www.youtube.com/watch?v=gmd5HucZQII

Further Infomation
Webiste - https://www.bitbondsto.com
Twitter - https://twitter.com/Bitbond
Telegram - https://t.me/BitbondSTOen

About solarisBank

solarisBank, the tech platform with a banking license, enables companies to offer their own financial products with its banking-as-a-service offering. Through APIs, partners gain access to solarisBank’s platform services including payments and e-money, lending, digital banking as well as services provided by integrated third party providers. Through this, solarisBank creates a highly developed technological banking ecosystem for FinTechs, established digital companies, as well as banks and corporates.
The Berlin-based company was founded back in 2016 and is led by CEO Dr. Roland Folz, board members Jörg Diewald and Andreas Bittner, as well as CPO Dr. Jörg Howein. To date, solarisBank has raised more than EUR 95 million from renowned investors, including BBVA, Visa, Lakestar, ABN AMRO’s Digital Impact Fund, Arvato Financial Solutions, SBI Group, Finleap and yabeo.

http://www.solarisbank.com/

PressContact
Mollie Thick
This email address is being protected from spambots. You need JavaScript enabled to view it.
Marketing Manager at Bitbond

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