Italian luxurious automotive producer Mazzanti Automobili has launched its safety token providing on regulated digital market STOKR.As a part of th
Italian luxurious automotive producer Mazzanti Automobili has launched its safety token providing on regulated digital market STOKR.
As a part of the providing, Mazzanti goals to lift 999,999 euros ($1.2 million) on STOKR to develop a particular version of its hypercar mannequin Evantra Millecavalli R.
In keeping with a Feb. 25 announcement, Mazzanti’s STO will enable buyers to buy MZZ tokens, priced at 1 euro every. The token is issued by Mazzanti by way of Blockstream AMP, a platform for the tokenization of securities constructed on the Liquid sidechain of Bitcoin (BTC), which has been straight built-in with STOKR.
As a part of the STO, MZZ buyers will have the ability to obtain a 50% income share within the sale of the Evantra particular version. The providing is on the market for choose European nations, with a minimal funding of 50 euros, the announcement notes.
Mazzanti’s founder Luca Mazzanti mentioned that the corporate has been contemplating operating an STO for some time. The corporate initially introduced its upcoming STO plans earlier in February.
Along with the STO, Mazzanti additionally introduced that the corporate will enable its clients to buy all editions of the Evantra mannequin with Bitcoin ranging from Feb. 25. The transfer echoes Tesla’s latest transfer towards accepting Bitcoin fee for its electrical autos.
Based mostly in Luxembourg, STOKR has been itemizing varied STOs in compliance with capital market legal guidelines of the European Union. Final yr, Germany’s Federal Monetary Supervisory Authority authorized ParkinGO’s providing as the primary cross-border STO on STOKR.