Black Manta Partners with Tokeny to Launch STO Platform in Europe

Black Manta Capital and Tokeny joined forces for the development of a multi-securities token offering (STO) for the European market.

Announced on Wednesday, the STO platform will service both retail and professional clients and will list stocks from various sectors ranging from real estate projects to small and medium enterprises, and grown-up startups.

Under the partnership agreement, Tokeny will provide a white-label Tokenization Tokenization Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Read this Term platform while Balck Manta will be responsible for ensuring Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term and investor protection as a regulated financial services institution within the European Union.

Tokeny’s T-REX token standard for tokenized securities allows compliant transferability along with features including identity management system, a set of validation certificates, and the transfer manager.

Commenting on the development, Luc Falempin, chief executive of Tokeny, said: “Working with Black Manta Capital Partners allows the both of us to focus on what we do best. We provide the institutional grade tokenization solutions for every BMCP offering and this allows them to focus on what they do best, which is building their investor community.”

Earlier this year, Tokeny received $5.6 million in investment from Euronext.

A regulated platform for European investors

Operated by BMCP, Black Manta is regulated under German laws. The parent company received its license within the MiFID II regime by German financial regulator BaFin.

“Tokeny Solutions is one of the top global technology providers in tokenization,” Christian Platzer, Co-Founder of BMCP, added. “Having worked closely with the Tokeny Solutions team for several months, we can say: we speak the same language when it comes to the prospects for our industry and together we could not be more positive about the opportunities for security tokenization in Europe and around the world.”

Meanwhile, many established players including Coinbase are also planning to enter the STO industry while the sector has less competition, unlike crypto exchanges.