Munich Bank of Germany to launch tokenized securities based on Stellar

According to CoinDesk, Bank of Munich, one of Europe's oldest banks, is developing a special-purpose euro stablecoin that could facilitate the private placement of tokenized securities. The bank announced that it has partnered with blockchain financial services provider Bitbond to help integrate tokenization into its established securitization platform. It is reported that the partnership will enable banks to tokenize digital securities on the Stellar blockchain and provide them to institutional customers through private placements.