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 boost 999,999 euros ($1.2 million) on STOKR to develop a particular version of its hypercar mannequin Evantra Millecavalli R.
Based on a Feb. 25 announcement, Mazzanti’s STO will permit traders 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 traders will be capable to obtain a 50% income share within the sale of the Evantra particular version. The providing is out there for choose European international locations, 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 announced its upcoming STO plans earlier in February.
At the side of the STO, Mazzanti additionally introduced that the corporate will permit its prospects to buy all editions of the Evantra mannequin with Bitcoin ranging from Feb. 25. The transfer echoes Tesla’s recent move toward accepting Bitcoin payment for its electrical autos.
Primarily based in Luxembourg, STOKR has been itemizing numerous STOs in compliance with capital market legal guidelines of the European Union. Final yr, Germany’s Federal Monetary Supervisory Authority approved ParkinGO’s providing as the primary cross-border STO on STOKR.