BERLIN, June 24, 2021 /PRNewswire/ — The fintech company Auto1 FT is issuing digital securities with a total value of up to four million euros in an effort to accelerate digital innovations. This is the first security token offering (STO) in the German automotive sector. With this bond, Auto1 FT seeks to offer professional investors an attractive investment opportunity in this highly scalable mobility sector. As to the conditions, the fintech promises a short maturity of just one year and an attractive interest rate of 5.5 per cent, in the case of quarterly interest payments. With the blockchain-based security token approach, Auto1 FT is also achieving a very high level of security for payouts alongside low fees and fast transaction processing. “With the new tokenisation financing, we are taking another big step that is generating great interest in the market,” says Managing Director Taimur Andre Rashid.
Auto1 FT has developed a product that supports car dealers by providing flexible and rapid liquidity. The supplier finances the purchase price of vehicles until their resale to the end consumer. The entire process is mapped out in digital form. The technological basis is a web platform that brings a high degree of automation to the financing processes. Investors benefit from several risk-reducing measures that are part of Auto1 FT’s business model – including detailed dealer scoring, risk pooling and depositing the vehicles as collateral.
Numerous car dealers…
