Italian luxury motorcar manufacturer Mazzanti Automobili has launched its security token offer on regulated digital marketplace STOKR.

As role of the offering, Mazzanti aims to heighten 999,999 euros ($1.2 million) on STOKR to develop a special edition of its hypercar model Evantra Millecavalli R.

According to a Thursday announcement, Mazzanti's STO volition allow investors to purchase MZZ tokens, priced at 1 euro each. The token is issued by Mazzanti via Blockstream AMP, a platform for the tokenization of securities built on the Liquid sidechain of Bitcoin, which has been directly integrated with STOKR.

Equally office of the STO, MZZ investors will be able to receive a 50% revenue share in the auction of the Evantra special edition. The offering is available for select European countries, with a minimum investment of fifty euros, the declaration notes.

Mazzanti'southward founder, Luca Mazzanti, said that the company has been considering running an STO for a while. The company initially announced its upcoming STO plans earlier in February.

In conjunction with the STO, Mazzanti also announced that the company will let its customers to purchase all editions of the Evantra model with Bitcoin (BTC) starting Feb. 25. The move echoes Tesla's recent move toward accepting Bitcoin payments for its electric vehicles.

Based in Luxembourg, STOKR has been listing various STOs in compliance with capital market laws of the European Union. Terminal twelvemonth, Germany's Federal Financial Supervisory Authority approved ParkinGO'southward offer as the first cross-border STO on STOKR.