STO platform Blockpulse has secured registration with the ACPR Bank of France.
Security token offering (STO) platform, Blockpulse, has obtained registration with the ACPR Bank of France.
Blockpulse “registered at ACPR Banque de France with its partner, Lemonway, the leading European digital payment solution for investment platforms,” Blockpulse COO Marien Irzykiewicz told Cointelegraph. The company also alleges that the outfit is the first STO platform to achieve registration with the french entity.
Confirmation of their registration is available on the ACPR Bank of France registry.
STOs are a more regulated approach than ICOs
Initial coin offerings, or ICOs, have largely died off as a fundraising method since their 2017 boom — the result of governing bodies stepping up their overwatch.
STOs, on the other hand, have not yet seen such a boom. Taking a more regulated approach, STOs aim to sell backed tokenized securities. Blockpulse is a platform that deals with assets of this kind.
Irzykiewicz explained:
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 is a key component
Blockpulse’s registration with ACPR Banque de France allows them specific 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.”
Blockpulse is only available to French token issuers right now, 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.
Tokenized securities seem like a logical intersection of blockchain and finance, although the concept has not yet caught fire the same way ICOs did in 2017.
Source: , CoinTelegraph
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