micobo tokenization solution selected by listed company PREOS AG for €460m Security Token Offering

Frankfurt/Main (24.11.2020) — The real estate investor PREOS Global Office Real Estate & Technology AG (PREOS) is the first publicly listed company whose shares are digitally securitized by a blockchain-based “digital twin” (token). The tokens are issued by the PREOS parent publity AG by way of a public offer in Germany and Austria on the basis of a securities prospectus approved by the Federal Financial Supervisory Authority (BaFin) on 23th of November 2020 as well as an international private placement. For this purpose, publity AG has already tokenized PREOS shares with a market value of around 460 million euros, utilizing micobo’s technical infrastructure to issue and manage security tokens.

micobo’s tokenization solution is a modular all-in suite covering the entire digital investment journey, from the investor onboarding throughout the issuance and life-cycle management of the tokens. With granular user rights, micobo delivered to PREOS the highest protection for investors, allowing them to perform administrative tasks responding to the corporate rights embedded in the tokens.

micobo’s tokenization solution integrates strong Know Your Customer (KYC) and Anti-Money Laundering (AML) features to sufficiently comply with the legal requirements of the German and European jurisdictions.

Thanks to our strategic partnerships, we offer robust security measures to ensure investor protection through…