Tether invests $1m in Infinite Fleet security token offering

Tether International has led a public security token offering for Exordium, the published of upcoming multiplayer game Infinite Fleet, investing $1 million.

The STO iw aimed at investors in select European countries that will grant every participant equity in the company and a share in future profits.

The public offering will take place immediately on STOKR, an STO platform that provides turn-key solutions for small and medium-sized ventures to obtain access to capital markets, according to EU capital market laws.

The offering round is priced at $0.50 per “EXOeu” token – the security token. As mentioned above, the round is being led by Tether International Limited, a member of the Tether group of companies, the largest stablecoin issuer in the world.

“As a former MMORPG game developer myself, I see great potential in the application of crypto assets to multiplayer online games,” said Paolo Ardoino, CTO at Tether International Limited.

“It is a perfect match of two rapidly growing digital sectors with tremendous upside. Samson Mow and his team are veterans with proven track records in both fields, with a clear vision of what they want to achieve.”

The EXOeu token for the offering is issued via Blockstream AMP, a platform for the tokenisation of securities built on the Liquid sidechain of Bitcoin, which has been directly integrated with STOKR.

Infinite Fleet has previously raised US$3.1 million in a private funding round, backed by several pioneers in the blockchain space such as Litecoin creator Charlie Lee and Keiser Report host Max Keiser.

For more news, guides and cryptocurrency analysis, click here.