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.

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