Security Token Offering (STO) platform, Blockpulse, registers with the ACPR Bank of France just in time with the aim to move security tokens forward.
“Registration of Blockpulse at ACPR Banque de France with its partner, Lemonway, which is the leading European digital payment solution for investment platforms, completes successfully,” Blockpulse COO Marien Irzykiewicz told the media. The company also claims that Blockpulse is the first STO platform to achieve registration with any french entity.
Proof of their registration is available on the official site of the ACPR Bank of France registry.
STOs are more regulated approach than ICOs
Initial Coin Offerings, aka ICOs, have seen a sudden drop as a fundraising method since their 2017 boom which allows governing bodies to have a close watch on it.
Security Token Offerings, aka STOs, on the other hand, haven’t yet seen such a boom. STOs take a more regulated approach & aim to sell backed tokenized securities. STO platform, Blockpulse, is one of that platforms that deal with assets of this kind.
Blockpulse is a solution to raise funds, associate employees and manage investors. Blockpulse offers an all-in-one box of tools for companies to manage their fundraising: financial simulation, legal documentation, electronic signature, online payment, cap table and registry of share movements managed on the blockchain.
Bank of France registration with STO Platforms like Blockpulse is a key component
Registration of Blockpulse with ACPR Banque de France allows them specific qualities and capabilities concerning the Euro. “The registration allows Blockpulse to manage euro payment for financial instruments, issuances, and transfers,” Irzykiewicz said. “We can now manage both cash and securities flows into the same blockchain and automatize several actions through smart contracts,” he continued.
As of now, Blockpulse is only available to French token issuers, but investors from other locations can participate in sales, pending regulatory restrictions.
“In the future, we aim to expand in the European Union through Benelux and Spain,” Irzykiewicz added.