Fintech heartstocks has secured 5 million euros in its second round of financing. The first round heartstocks had closed in September 2021 with 2 million euros. The startup's idea is to democratize exclusive asset classes and make them tradable as digital shares.
The fresh capital comes predominantly from middle-market family offices and several business angels. In addition to existing investors, five new ones are also involved, including Vanagon Ventures from Munich. heartstocks is a registered trademark of CT Classic Token Holding AG, which was founded by Till Rügge and Enno Henke in early 2021 and has its official headquarters in Liechtenstein. The sales company is BAM Service GmbH with an address in Hamburg - hence the reference to the startup scene of the Hanseatic city.
heartstocks uses blockchain technology
The fintech describes its business idea as follows: "With heartstocks, all types of assets can be made investable with the help of participation certificates. At the same time, heartstocks has created a new, more efficient way of structuring financial products. A corporation is founded around an asset and tokenized (mapped via a blockchain). Subsequently, investors can buy shares of this AG as a digital share (participation certificate) and trade them on the regulated heartstocks secondary market. In this way, investors gain the opportunity to participate in potential increases in the value of assets to which access was previously not possible.
With the help of blockchain technology, heartstocks digitally maps the share register. Transactions within public companies can be made with the click of a button, without the constant integration of intermediaries. This form of digitized stock market is significantly more efficient compared to traditional processes. For issuers (such as product providers, family offices, asset managers, but also end investors), tokenization represents a new form of equity raising, and along with it an alternative to traditional debt financing and IPOs."
