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In an April 22, 2018 interview, Block Stocks co-founders Martin Wos and Estefano Elhawary described a proposed platform for helping small and midsize businesses sell tokens and for trading those tokens. Elhawary said the planned ICO had a €151 million hard cap. The interview does not establish that the offering was completed, how much was raised, or whether the platform or token market launched.
What Block Stocks proposed
Wos, identified in the interview as co-founder and president, called Block Stocks “a small and medium-sized business ICO fund.” He described a full-service service for SMEs that would provide technical support for token sales, legal frameworks, and connections to investors. The founders positioned it as a blockchain-based route to fundraising and token issuance.
Wos also said the tokens would entitle holders to a percentage of an SME’s revenue or profit and could be bought and exchanged on the Block Stocks platform. He further described Block Stocks receiving a portion of the SMEs’ tokens, which would then be distributed to Block Stocks token holders. These were descriptions of intended arrangements, not confirmation that the service operated or that the stated rights were legally enforceable.
What the founders said about the ICO
Elhawary, identified as co-founder and CEO, said in the interview: “Our hard cap is at 151 Million Euro”. That €151 million figure was the planned maximum raise, not a verified amount raised, company valuation, or evidence that the ICO took place. The interview gives no confirmed outcome for the offering.
Do these 3 things before closing this tab:
1Fix the driver behind crashes, sound loss and screen glitches2Clear out junk files and repair common Windows errors3Scan for outdated or missing drivers - takes under a minuteWos said the company sought to be classified as a security so it could reward early supporters. That was the founders’ stated intention; the available material does not establish a regulatory approval or definitive legal classification for the offering.
Why the founders said SMEs needed another route
Wos framed the project as a response to the difficulty SMEs faced in raising capital. He said: “Having had SMEs before and knowing how difficult it can be to raise capital even for great businesses, we decided to do something about it.”
To illustrate the problem, Wos cited nearly 400,000 SMEs in Germany and said only 5–10 reached the stock exchange each year. Those are figures he asserted in the 2018 interview; the interview does not cite an underlying statistical source or methodology. His comparison was a founder’s pitch for token-sale infrastructure and investor access, not an independently measured comparison with conventional fundraising.
What is known about Block Stocks’ later status
A secondary company-information listing identifies “Block Stocks Swiss AG in Liquidation,” gives company number CHE-300.601.632, and labels the entity inactive. This is an aggregator record, not an official registry extract, and it does not establish the circumstances or timing of the status. A separate secondary company profile described Block Stocks as a security-token sale platform and digital exchange for startups and SMEs, with last activity listed as July 3, 2018. Neither source confirms that the proposed platform launched, that tokens were issued or traded, or that investors received proceeds.
What an investor would need to verify in a similar token offering
A description of token rights is not a substitute for the offering documents or independent verification. For any comparable present-day offering, check:
Quick Recap
- Legal rights: What contractual claim, if any, does the token provide, and against which issuer?
- Authorization: Are the issuer and any intermediary authorized for the activities they perform in the relevant jurisdiction?
- Financial disclosure: Are financial statements and material risks available and independently audited?
- Custody and transfers: Who holds the tokens, and what restrictions apply to selling or transferring them?
- Liquidity evidence: Is there a functioning market, rather than only a stated plan to create one?
- Recourse: What happens to the investor’s claim and assets if the issuer or platform closes?
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