• Black Manta and Finoa will partner to bring custody solutions to high end investors
• Partnership will initially focus on Black Manta's Tigris STO in Berlin
• Black Manta expects to launch more STOs in the future

Germany’s Black Manta Capital Partners (BMCP), a Security Token Offering (STO), platform on May 1 announced a partnership with digital asset custody firm Finoa. The partnership will see the two parties provide enhanced tokenized security services for institutional and professional investors.

Christian Platzer, co-founder and Managing Partner at BMCP, has high hopes for Finoa to draw in professional investors,

In Finoa we see a team that is not only well positioned to cater to the high end investor class, but who bring also a mindset to the table that will be needed to develop this rapidly emerging market.

Christopher May, co-founder and Managing Director at Finoa, believes the same, and is eager to help the niche grow,

We are pleased to support the growth of the token economy by partnering with Black Manta Capital Partners for the Tigris S17A project and are looking forward to many further exciting projects along the line.

Finoa offers institutional-grade custody services to institutional investors, HNWI and corporations, including Bankhaus Scheich, INVAO Group, Inflection VC and Crane VC. The company will begin with serving Black Manta’s STO Tigris S17A in Berlin.

Security Tokens Gaining Steam

On April 14, Black Manta revealed that it had tokenized real estate, worth $12 million worth, in Berlin on its platform, open to investors in Germany and Austria. More properties are expected to be tokenized, which will be open to investors all across the European Union. 

The $12 million real estate project is the Tigris S17A project that BMCP and Finoa that are collaborating on, and is a large residential apartment 2000 square meters in area and home to multiple apartments. 

Several reports have emerged in the past year concerning the significance and growth of the tokenization of real estate, including one by the University of Oxford. Benefits of tokenization include allowing investors from across the world to invest in lucrative real estate and investment entry at an affordable price.

On April 17, capital markets focused firm tZERO and Vertalo announced that they had tokenized $300 million worth of real estate on the Tezos (XTZ) blockchain. Financial group Elevated Returns and Securitize also announced in 2019 that they would tokenize $1 billion worth of real estate on Tezos.