Blockport’s BPS security token offering begins April 15
Blockport’s Security Token Offering kicks off on April 15, 2019, enabling EU retail and U.S. accredited investors to purchase Blockport Securities.
We are confirming that the first round of our Security Token Offering (STO) will open on April 15, 2019, giving retail investors in Europe and accredited investors in the United States the chance to acquire Blockport Securities (BPS).
The STO will be launched on the Tokeny issuance platform, targeting up to €5 million in fresh capital. This is the opening stage of a broader €15–30 million multi-round fundraising strategy. Blockport will issue BPS as ERC-20 depositary receipts that map one-to-one to ordinary shares, entitling holders to any future dividend distribution.
Our token meets Tokeny's T-REX compliance standard, allowing immediate whitelisting across jurisdictions. The offering opens worldwide at 00:00 UTC on April 15 and will close on May 15, or earlier if the hard cap is reached. Qualified participants can subscribe in EUR, USD, BTC or ETH, with a minimum investment of just €500.
Regulatory structure and use of proceeds
BPS will be offered in the United States under Rule 506(c) of Regulation D and concurrently in the European Economic Area under applicable prospectus exemptions. As an Amsterdam-based social-trading crypto exchange, we are raising equity through digital security to accelerate European growth, secure upcoming U.S. licenses and expand our product roadmap beyond spot trading.
Proceeds will fund new exchange licenses, bolster liquidity partnerships and extend our social-copy trading features. The funding will enable Blockport to pursue regulatory approvals in additional jurisdictions while enhancing our technical infrastructure.
"We’re working with Tokeny since they’re one of the leading issuance platforms in the industry, and one of the few that have helped multiple companies successfully issue security tokens. Besides the technical side, Tokeny is a strong partner on legal and provides us with the right knowledge to offer our STO in multiple jurisdictions. Blockport has always been a crowd and community-focused platform, and we’re now applying the latest in technology to issue shares in a way that lowers barriers to entry. This strategy of tokenization allows us to distribute ownership of Blockport amongst the stakeholders in our ecosystem that share our vision – also helping us to better match the demand we’ve received for a profit share model in the Blockport ecosystem," says Sebastiaan Lichter, our founder and chief product officer.
Platform partnership and market positioning
Luc Falempin, CEO of Tokeny, notes that the structure "opens private opportunities to a markedly wider pool of investors" across continents. The partnership with Tokeny provides the technical and legal framework necessary for cross-border compliance.
Since announcing our multi-stage STO in March 2019, we’ve completed investor whitelisting and fully integrated Tokeny’s compliance stack. We also released White Paper 2.0, which outlines our vision for tokenized equity and the role of BPS in our long-term roadmap.
BPS is the first retail-targeted, cross-border security token issued by a European crypto exchange. It’s built to serve both retail and institutional investors across multiple jurisdictions while maintaining full regulatory compliance through established frameworks.