The first STO milestone is German: Bitbond issues the first BaFin approved security token bond

This is a big step forward, this is finally the game changer that I have been waiting for in the last 12 months.

1. Bitbond´s Business background

2. Bitbond´s — Security Token Offering (STO)

3. Comparing the token-Bond vs a traditional bond

3.1 Costs

3.2 No Intermediaries

3.3 Potential for Liquidity

3.4 Programmability

4. Risks

4.1 ERP Loans and exchange rate risks

4.2 EURT risk

4.3. Repayment of principal (Redemption at maturity) and interest payments

4.4 Coding errors and lack of dispute resolution mechanism

5. Reactions

Conclusions

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