German company launches securities token product for Berlin real estate project

According to Cointelegraph, Black Manta Capital of Germany has launched a security token product (STO) for real estate in Berlin worth more than $ 12 million. The project was completed in cooperation with the German real estate company Tigris Immobilien, and token holders will share 20% of sales profits through securitization participation rights. The company stated that these tokens will enable ordinary investors "to participate in a profitable real estate project that is usually reserved for professional investors."