Herdius intends to be a decentralized exchange and banking platform. Our goal is to build rapid and secure financial blockchain infrastructure.
The first major milestone is reached: We aimed to offer the first ICO fully compliant with German law. In order to ensure this, we initiated an inquiry with the German regulator which is still ongoing. We expect final clearance of certain aspects prior to the start of the ICO. However, we are told that other aspects will presumably not be finally be commented on as the German regulator still works on forming an opinion. In light of this, we took the business decision not to delay the project any further but to operate on the basis of best knowledge available to us and taking the risk on being determined retroactively to not having been in full compliance. We regret that it had not been possible to obtain full clearance and must ask everyone supporting us to consider the risks involved in the current still uncertain legal environment.