Bitbond Token (BB1) is the first security token in Germany. This token makes global business lending possible.
The Bitbond Token (BB1) is a tradable security token built on the Stellar Blockchain which allows businesses to lend globally, not just in the jurisdiction they are in. By buying this token, investors can earn 4% per year (1% quarterly) plus 60% of the pre-tax profits for the maturity of the token (10 years). This STO has been approved by BaFin (German Financial Regulation Authority), is open until July 8th, and anyone outside of the US/Canada can participate. Investors can purchase BB1 with BTC, ETH, XLM, or EUR.
This company was founded in 2013 and offers loans primarily to small online businesses. They currently have over 150,000 users worldwide and facilitate over $1 million in business loans monthly.
“Small businesses are an incredibly important part of the economy, and hire the majority of all employed people worldwide. We see this STO as a way to help small businesses create more jobs, and supercharge their own growth.” -Radoslav Albrecht, Bitbond founder, and CEO