STOKR, a European digital asset marketplace, has successfully raised $7.98 million in its latest funding round, with a substantial portion dedicated to creating a corporate Bitcoin treasury. This initiative positions STOKR as one of the first companies in the European Union to adopt such a strategy, mirroring the approach taken by MicroStrategy.
The funding round, spearheaded by Fulgur Ventures, includes 100 BTC valued at approximately $6.78 million, in addition to €1.2 million in cash, bringing the total raised to €7.4 million ($7.98 million). In a press release, STOKR outlined its intention to aggressively expand its Bitcoin treasury in the coming years.
Beyond the treasury, STOKR plans to launch new Bitcoin-based tokenized assets and enhance its infrastructure for institutional tokenization, leveraging native Bitcoin layer-2 technologies like the Liquid Network.
Arnab Naskar, co-CEO of STOKR, emphasized the significance of asset tokenization on Bitcoin, stating that the establishment of a Bitcoin treasury is a natural evolution for the platform. Previously, STOKR collaborated with Blockstream, a Bitcoin infrastructure firm, to introduce its tokenized hashrate offering, and has reported processing over $110 million in combined redemptions and investments in 2024 alone.
Additionally, STOKR is preparing to transition from its current status as a Virtual Asset Service Provider (VASP) to a regulated Crypto Asset Service Provider (CASP) under the European Union’s new MiCA regulatory framework. This transition underscores STOKR’s commitment to enhanced regulatory compliance in the rapidly evolving crypto landscape, as outlined by the crypto law firm Gofaizen & Sherle.
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