Luxembourg Financial Firm, Black Manta Capital, Receives BaFin License For STO
Black Manta Capital Partners, a financial company based in Luxembourg, has recently received the license from the German regulator BaFin (Federal Financial Supervisory Authority). With the license, the company will now be able to start offering Security Token Offering (STO).
The company first filed the order for the license nine months ago. Now, it is legally able to offer regulated blockchain-based brokerage services to its clients, which was the plan since the start.
According to the reports, the company is set to manage the tokens of the clients using the blockchain. The idea is to offer more access to smaller and medium companies via the STOs. This way, they will get an innovative new way to raise capital from investors.
Part of the reason why the company wanted to get the license from the regulator was in order to reach a more global audience. The Black Manta Capital Partners project is very ambitious and the company wants to set many international bases. Berlin will be one of these places, as well as Vienna and Malta.
There are also some plans to open up shop in Singapore, which would expose the company to Asian markets. Because of this, the company has already applied for a license in Singapore a well. At the moment, they are awaiting their approval.
According to the spokesman of the company, Black Manta wants to hold only great STOs, but they want to be the link between Europe and Asia, so having investments in both companies is a great start.