19.08.2019

Black Manta Capital Partners receive BaFin Licence with Luther for Multi-STO-Platform

Press Release

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As of August 1st 2019, Black Manta Capital Partners’ Berlin operating entity, BMCP GmbH, received the licence within the MiFID II regime by the German financial regulator BaFin to run a Multi-STO-Platform and act as a One-Stop-Agency for Security Token Offerings, out of Germany, within the European Union. The application process was supported by Luther Lawfirm.

Background

BMCP GmbH is now a Financial Services Institution that provides regulated financial brokerage services using Blockchain technology in accordance with the MiFID II regime. The 100% subsidiary of the Luxembourg based holding entity Black Manta Capital Partners S.à.r.l. is one of the first European entities granted this licence for blockchain based financial services.

With so-called Security Tokenization , BMCP GmbH converts rights to an asset into a digital token, creating intelligent investment contracts on a blockchain. This innovation in financial products creates completely new access to capital for small and mediumsized enterprises, real estate projects, startups, commodity markets or funds – as well as new access to investments for new investors. The operative start of the investment platform with the first Token Offerings is planned for early Q4/2019.
 

About Black Manta Capital Partners:

Black Manta Capital Partners ® is a one-stop agency for all technical, financial, and legal aspects of Tokenization. With security tokens that grant equity, profit, and governance rights to investors, BMCP aims to set a global standard for Security Token Offerings (STO). BMCP was founded in Luxembourg in 2018, runs the BMCP GmbH in Berlin, as regulated Financial Institute for STOs, the consulting entity in Vienna BMCP Consulting GmbH and international business development out of the Maltese BMCP Limited.

Author
Dr Rolf Kobabe

Dr Rolf Kobabe
Partner
Hamburg
rolf.kobabe@luther-lawfirm.com
+49 40 18067 24680