Bitbond is a lending platform for business loans to SME’s which exist since 2013 and has provided €15 million to 4000 companies. They will launch the first German Security Token Offering (STO) on 11 March 2019 which has been approved by the German Bafin authority. The debt of the small- and medium-sized enterprises is basically tokenized and these tokens are created and will be tradeable on the Stellar blockchain. Special is that everybody can invest from €1 on. At Bitcoin Wednesday I interview Bitbond CFO Michael Pinkus on how it works. How will investors profit? How does Bitbond use blockchain in their current business?