Italian luxurious automobile producer Mazzanti Automobili has launched its safety token providing on regulated digital market STOKR.
As a part of the providing, Mazzanti goals to boost 999,999 euros ($1.2 million) on STOKR to develop a particular version of its hypercar mannequin Evantra Millecavalli R.
In accordance with a Feb. 25 announcement, Mazzanti’s STO will enable traders to buy MZZ tokens, priced at 1 euro every. The token is issued by Mazzanti through Blockstream AMP, a platform for the tokenization of securities constructed on the Liquid sidechain of Bitcoin (BTC), which has been immediately built-in with STOKR.
As a part of the STO, MZZ traders will be capable of obtain a 50% income share within the sale of the Evantra particular version. The providing is accessible for choose European nations, with a minimal funding of fifty euros, the announcement notes.
Mazzanti’s founder Luca Mazzanti stated that the corporate has been contemplating operating an STO for some time. The corporate initially introduced its upcoming STO plans earlier in February.
Along side the STO, Mazzanti additionally introduced that the corporate will enable its prospects to buy all editions of the Evantra mannequin with Bitcoin ranging from Feb. 25. The transfer echoes Tesla’s latest transfer towards accepting Bitcoin cost 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 12 months, Germany’s Federal Monetary Supervisory Authority authorised ParkinGO’s providing as the primary cross-border STO on STOKR.