Cryptosecurity becomes thrilling as it evolves
In the ever-evolving world of finance, cryptosecurities are making waves, particularly in the European defense sector. Two key players, Donaustahl GmbH and ecrop, are spearheading this digital revolution.
Donaustahl, a defense startup based near Passau, known for its FPV drones, electronics, and warheads, is facing challenges in obtaining bank loans due to statutes prohibiting financing of weapons and ESG criteria. To circumvent this, the company's CEO, Stefan Thumann, has decided to issue a bond as a cryptosecurity to raise funds from the community. This innovative move could potentially see Donaustahl selling drones to the German Armed Forces in the future.
Donaustahl's bond, issued as a cryptosecurity via the tacct platform, a digital platform for investing in European defense startups, is expected to be interest-bearing, up to 8.4% annually. Investors stand to earn a portion of the future taxes and debts they finance with "special assets" through these interest payments.
Meanwhile, ecrop, the central actor in issuing cryptosecurities under eWPG, is making strides in customer identity verification. Their app, OmniPersona, went live last week and could potentially solve the biggest problem with cryptosecurities by making KYC verification platform-independent. ecrop uses a private version of Ethereum for its cryptosecurity register, instead of a public chain like Cashlink, ensuring a more secure and controlled environment.
ecrop's OmniPersona app also enables customers to store keys on their own smartphone, with the added security feature that if the keys are lost, they can be restored via a new KYC process. This decentralised approach to customer identity verification could revolutionise the way businesses operate in the digital age.
ecrop's cryptosecurity register, a blockchain, not only stores and transfers electronic securities as tokens but also has the ability to reverse transactions, a complex but possible feat through smart contracts. This feature could streamline the process of rectifying errors and simplify the management of cryptosecurities.
The Future Financials Act allows for stocks as crypto securities to be listed and traded on exchanges like 21.x, further legitimising the use of cryptosecurities in the financial market. As these innovations continue to unfold, it's clear that the future of finance is digital, and companies like Donaustahl and ecrop are leading the charge.
In a remarkable display of domestic manufacturing, Donaustahl claims to manufacture FPV quadcopters entirely in Germany, with a capacity of 500,000 pieces per year. This commitment to local production could further boost the company's appeal to investors.
As the cryptosecurity landscape continues to evolve, it's exciting to see how companies like Donaustahl and ecrop are leveraging this technology to overcome traditional financial barriers and drive innovation in the defense sector.
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