The Bitbond Token (BB1) is Germany's first licenced security token and aims to make business lending globally accessible.
Who is Bitbond?
Bitbond is the first global SME lending platform that connects creditworthy borrowers to investors via blockchain-driven transactions. Since its launch in 2013 Bitbond has scored over 15,000 loan applications and issued over €13 million worth of loans to small businesses from around the world!
The issuer of the token is Bitbond Finance GmbH, a company fully owned by Bitbond GmbH.
The Bitbond Token (BB1)
Token Holder receive:
- 4% p.a. fixed coupon paid out in 4x1% payments on a quarterly basis
- Variable coupon of 60% of the pre-tax profits of our SME loan investments
BB1 has a maturity of 10 years, after which Bitbond will buy back the BB1 token at its original issuing price of €1. Throughout the maturity, the BB1 token is tradable via the Stellar decentralized exchange and several centralized exchanges.