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European Security Token Provided Initial Offering by Black Manta on Canton

Investors have the opportunity to acquire a digital asset, modeled as a bond, for investment in BoxDepo, a company providing storage services.

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European Security Token Offering Launched by Black Manta on Canton Platform
European Security Token Offering Launched by Black Manta on Canton Platform

European Security Token Provided Initial Offering by Black Manta on Canton

The Canton Network, a blockchain architecture designed to meet the standards of regulated financial institutions, has welcomed Black Manta Capital Partners (BMCP) as an official node operator. This partnership combines BMCP's expertise in asset and security tokenization with the blockchain's unique ability to provide institutional-grade privacy, compliance, and scalability.

In a significant move, BMCP is launching the first-of-its-kind real estate bond in Europe on the Canton blockchain. The bond, secured by an existing revenue-generating storage property owned by BoxDepo in Nuoro, Italy, is structured as a digital security and managed on the Canton Network. Proceeds from the blockchain-based investment will finance the expansion of BoxDepo, which operates eleven facilities in Italy and has eight under development.

Yuval Rooz, Co-Founder & CEO of Digital Asset, commented that this issuance marks a significant step in bringing real-world assets into an institutional blockchain ecosystem. Alexander Rapatz, CEO and Founding Partner of Black Manta Capital Partners, highlighted the collaboration with Canton Network's unique on-chain privacy features to create a compliant and efficient product.

The BoxDepo bond issuance is a pivotal step in demonstrating how tokenization is moving from promise to reality across global financial markets. By becoming a node operator on Canton, BMCP joins a group of global financial players including Goldman Sachs, BNY Mellon, and BNP Paribas. Other notable financial players operating as nodes on the Canton blockchain alongside Goldman Sachs, BNY Mellon, and BNP Paribas include JPMorgan, UBS, and Credit Suisse.

The Canton Network provides tailored solutions to the world's largest and most important financial infrastructure providers. This partnership sets a new standard for bringing real-world assets onto institutional-grade blockchain infrastructure. The approach of combining the advantages of a decentralized ledger with the needs of regulated financial institutions is a game-changer for the digital asset landscape.

As the first MiFID II-regulated tokenization platform licensed by Germany's BaFin, BMCP's commitment to innovation is evident. The issuance of the BoxDepo real estate bond on the Canton Blockchain is a testament to Black Manta Capital Partners' vision of unlocking new levels of liquidity, confidence, security, and efficiency for institutional investors. The Canton Network's ability to deliver privacy, compliance, and interoperability at scale is a key factor in this partnership. This partnership underscores the potential of blockchain technology to revolutionize the financial industry.

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