Black Manta Capital Partners’ Berlin operating entity, BMCP GmbH, has received the licence within the MiFID II regime by the German financial regulator ‘BaFin’ in order 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 100% subsidiary of the Luxembourg based holding entity Black Manta Capital Partners, it is one of the first European entities granted this licence for blockchain based financial services. With Security Tokenization, BMCP GmbH converts the rights to an asset into a digital token further creating intelligent investment contracts on a blockchain. According to the firm, this innovation in financial products creates completely new access to capital for small and medium- sized enterprises, real estate projects, startups, commodity markets or funds – as well as new access to investments for new investors.
Next Steps Ahead
Apart from the licenced operating entity in Berlin, Black Manta Capital Partners is aiming to drive the market launch of their investment platform also through BMCP Consulting in Vienna and BMCP Limited for international business development, based at the Malta Stock Exchange in Valletta. The next strategic move is going to be the foundation of Black Manta Asia, in Singapore, and the application for a similar licence with the Monetary Authority Singapore.
Christian Platzer, Co-Founder and Managing Partner: “Tokenization in the core financial field of securities will bring paradigmatic change to the global financial markets. While Black Manta Capital Partners want to be ‘boutique’ in its beginnings and run ‘handpicked’ STOs only, our strategy is global from day one: the first step is to link Europe and Asia on one blockchain-based investment platform. Therefore we look already today into Singapore.”
Few weeks back in late July, BaFin approved the prospectus of StartMark in order to allow them pursue a security token offering (STO). Notably, it became the second security token offering to get the approval after Bitbond being the first.