Austria’s Bitpanda, one of the more respected cryptocurrency exchanges in Europe, has just listed its first security token, Steelcoin. Given Bitpanda is the crypto partner of state-owned German bank LBBW, we decided to check it out.
In an ideal world, securities issuers and intermediaries should go out of their way to be transparent with potential investors so they come away with a positive experience. Most securities carry risks. That’s not a problem in itself, so long as intermediaries are upfront about what they are.
In a new sector such as security tokens which overlaps with crypto (and its less than stellar reputation), there’s an even greater need to go that extra mile.
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