Blockport Targets European and US-based Investors with its First BPS Security Token Offering

Blockport has announced the impending launch of their Security Token Offering (STO). The world’s pioneering social cryptocurrency exchange plans to hold the first phase of the STO on April 15.

The target for this round is set at €5 million and will target investors from the US and Europe. Eventually, Blockport aims to raise any amount between €15 million and €30 million from the sale of the security tokens.

The security token, called Blockport Securities (BPS), equates to having shares in the crypto trading platforms. This means that BPS holders are eligible to receive dividends. Also, Blockport STO is legally compliant and will issue tokens using Tokeny’s Token for Regulated Exchanges (T-REX) standard.

Kai Bennink, the CEO and chief strategist at Blockport, said that this company is working who Tokeny because it is a renowned institution that is familiar with overseeing the issuance of regulated security tokens. Furthermore, Blockport will benefit from the extensive connections that Tokeny has already established with potential clients.

On the other hand, Luc Falempin, the CEO of Tokeny, said that tokenized securities are better than their traditional counterparts because they offer private opportunities to a wider pool of investors. He added that the Blockport STO will benefit the company significantly by increasing its popularity among European and US-based investors.

About Tokeny

Tokeny is a fintech firm based in Luxembourg. The company offers an enterprise-grade and secure platform that enables the issuance of tokenized securities and other forms of digital assets.

Additionally, Tokeny uses T-REX infrastructure to ensure that the issued security tones remain compliant throughout their lifetime. The company also assists clients with KYC and AML compliance, as well as in the management of digital assets.

Most importantly, Tokeny sues blockchain technology to improve on the shortcomings of traditional securities, namely non-transparency, inaccessibility, and poor security.

About Blockport

Blockport is a cryptocurrency exchange platform operating out of Amsterdam. The company emphasizes usability and social trading features to offer a secure, efficient and friendly experience to its users.

The exchange uses smart order routing to evaluate the prices of assets on other exchanges and offer the best deals to its clients. in the future, Blockport plans to introduce a cutting-edge decentralized architecture that improves the speed of transaction and allowing users to own the private keys to their respective digital wallets.

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