Today security token platform STOKR said BaFin has authorized a security token offering (STO) on the Liquid Network, a sidechain of the Bitcoin blockchain. BaFin has previously approved STOs on the Ethereum blockchain.
The latest offering is by Luxembourg game developer Exordium, which is raising €8 million ($9.4m) for its Infinite Fleet game. However, the amount available to non-professional investors is limited to less than €1 million with a minimum investment of $100. The company was co-founded by Samson Mow, the chief strategy office at Bitcoin developer Blockstream which initiated the Liquid network.
Blockstream Mining has also used the STOKR platform to issue security tokens, but those were private offerings targeted at accredited investors.
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