By German Federal Financial Supervisory Authority (BaFin), has licensed Black Manta Capital Partners’ Berlin operating entity in accordance with the MiFID II regime, to run a Multi-STO-Platform within the European Union.
A regulated STO Platform in Germany
The luxembourg-registered financial firm, Black Manta Capital Partners, received a MiFID II license by BaFin for its regulated STO platform after 9 months of intense and fruitful procedures. BMCP GmbH can now provide regulated brokerage services using Blockchain technology. The company converts rights to an asset as a digital token managed by on-chain contracts. In financial products, this innovation allows new access to capital for small and medium-sized enterprises, real estate projects, startups, commodity markets or funds and also allows new access to investments for new investors.
A Firm with Global Ambitions
Black Manta Capital Partners aims to set a global standard for Security Token Offerings (STO). The effective start of the platform with the first Token Offering is planned for early Q4/2019. Apart from the licensed operating entity in Berlin, Black Manta Capital Partners 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.
BMCP also plans to found Black Mount Asia, in Singapore, and an application for a similar license with the Monetary Authority Singapore.
Co-Founder and managing partner, Christian Platzer, said that tokenization in the core financial field of securities will bring paradigmatic change to the global financial markets. He added that while Black Manta Capital Partners wants to be ‘boutique’ in its beginnings and run ‘handpicked’ STO’s only, their strategy is global from day one. Their first step is to link Europe and Asia on one blockchain-based investment platform. Therefore they are already looking into Singapore.
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