The security token offering (STO) market is growing: Auto1 FT issues a€4 million digital crypto asset targeted towards professional investors withiVE.ONE
· Auto1 FT increasingly relies on blockchain technology in the future
· Attractive investment with a 5% return for professional investors
· First security token offering of a used vehicle marketplace in Europe
Frankfurt am Main, 24 June 2021
Frankfurt-based FinTech Agora Innovation has takena Security Token Offering (STO) to the automotive industry for the first timewith its iVE.ONE platform. With the tokenization of a four-million-euro bond,financial services provider Auto1 FT is enabling faster settlements, morecost-effective transaction fees and advantageous interest rate structures. Withthe collaboration, iVE.ONE and Auto1 FT accelerate digital innovation andachieve another important milestone for alternative financial instruments onthe blockchain.
With successful activities in the mobilityindustry worldwide, Auto1 FT GmbH launched in collaboration with Auto1 Group in2017 and has since established itself as a leading platform for innovative,financial solutions in the international car trade. The new digital bond increases Auto1 FT'sworking capital and enables the expansion of the business. The investments aretokenized using blockchain technology, meaning they are digitally securitized.This will significantly increase market efficiency.
“Auto1 FT is pleased to be an innovation driverin the industry, applying technology for the benefit of customers with anautomated End-to-End and now with this Tokenization financing taking a leapforward,” says Taimur Andre Rashid, CEO of Auto1 FinTech. “On all levels wecooperate with highly professional partners and have therefore been able tocompile this offering in record time with considerable interest ininternational markets.”
The implementation of digital bond issue will beexecuted by iVE.ONE. The issuing and investment platform, which is among themarket leaders, enables global trading of digitized securities within the legalframework on blockchain. Sales is handled by the securities trading bank RenellBank, an experienced partner of iVE.ONE.
"We are excited towork with Auto1 FT, an innovation pioneer in the auto trading industry, toprovide the digital infrastructure for the issuance of their first digitalsecurity in auto trading," said Phong Dao, CEO and Co-Founder of AgoraInnovation.
The trend of digitalassets remains strong and continues to capture more and more sectors in thefinancial world, "We have done several crypto securities issuances in 2020and have noticed that the market is maturing in areas ranging from regulationto technical infrastructure. With our platform iVE.ONE, we see ourselvesleading this segment," Phong Dao added.
Highly compelling asset with high security and shortmaturity
Auto1FT supports vehicle dealers in the purchase of used vehicles. By financing thepurchase price until resale to the customer, dealers have significantly moreliquidity and can generate higher sales.
Withthe digital bond of four million euros, Auto1 FT offers an innovative financingsolution for the used car market. With a term of maturity of one year and anattractive interest rate of 5 percent, the bond is aimed exclusively atprofessional investors. The minimum investment is 200,000 euros.
Thanksto blockchain technology, the deposit is secure and enables faster transactionsand lower fees. Investors also benefit from a number of other risk mitigationmeasures, such as detailed dealer scoring, risk pooling and the deposit ofvehicles as collateral.
Risk note: The acquisition of the investments mentionedabove is associated with considerable risks and can lead to the complete lossof the invested assets. The minimum investment amount for these investments isEUR 200,000 per investor.
This press release does not claim to containall information necessary for the evaluation of the offered investment.Potential investors who wish to invest in this asset as lenders of thetokenized subordinated loan are requested to use the opportunity to ask theissuer questions in advance, to obtain information from independent sources andto obtain expert advice if there is any uncertainty as to whether a loanagreement should be concluded.
iVE.ONE provides access for corporates, institutionalinvestors and asset managers to a modernized capital market with blockchaintechnology. iVE.ONE offers corporates and investors worldwide, a ready-to-useinfrastructure for issuance and investments with an intuitive and user-centricinterface for accessing digital assets and cryptocurrencies. This product isbuilt on global regulation and compliance. iVE.ONE is funded by FinLab EOS VC,a collaboration between block.one and FinLab AG, tokentus Investment AG andHigh-Tech Gründerfonds.
Press Contact iVE.ONE
Tel: +49 157 353 902 68
About Auto1 FT
AUTO1 Fintech offersall relevant financial solutions and services for the used car market - completelydigital, quick and easy. Our declared goal is an innovative financing andsupport to all areas of the mobility industry, worldwide. AUTO1 FT was foundedat the end of 2017 and currently operates in Germany & France withheadquarters in Berlin and Amsterdam. By the know-how, the experience and theeconomic strength of our investors and partners, we announce furtherinternational expansion.
Press Contact Auto1 FT
Director Marketing, Sales & Account Management
Tel: +49 176 2458 1196
About Renell Bank
Renell Bank has beenan owner-managed private bank from Frankfurt for more than 35 years. It offersits national and international clients services in the areas of corporatefinance and portfolio management. Excellent reputation and an experienced teamare the basis for the sustainable growth of Renell Bank. The personal liabilityof the management, also as a shareholder, guarantees a special independence inthe consideration of business decisions, a strict risk management, as well ascontinuity in the management of the company. Renell Bank is licensed andregulated by the German Federal Financial Supervisory Authority BaFin, DeutscheBundesbank and FINMA (Switzerland). In addition, the Bank is a member of theCompensatory Fund of Securities Trading Companies (EDW).
Press Contact RenellBank
Head of Institutional Sales
Tel.: +49 69 1338765-0