German crypto investment startup Neufund has launched its blockchain-enabled public offering platform featuring a Porsche-backed firm as the first issuer.

10 euro minimum investment

Within the first offering on Sept. 16, Neufund’s platform will be used by mobility firm Greyp, a company backed by sports car giant Porsche, Camel Group and T-mobile, according to a press release shared with Cointelegraph today.

Neufund’s platform has acquired clearance from the Financial Monetary Authority in Liechtenstein to host public offerings with a minimum investment of just 10 euro, enabling high accessibility to investors.

Firms from most countries can join

While the platform’s offerings are regulated by German and Lichtenstein authorities, it can be used by firms a number of countries, including the United Kingdom, the press release notes.

Neufund is already working on future offerings with companies based in India, Croatia, Germany and Belgium, the company added.

The Neufund’s blockchain public offering platform intends to reduce the entry barrier for fundraising companies by lowering the cost of conducting a public offering compared to traditional initial public offerings.

The platform also reportedly accelerates the fundraising process in comparison to VC rounds by offering the same level of accessibility as blockchain-based token sales, Neufund said.

As noted in the press release, Neufund has processed 16 million euros ($17.7 million) to date since its launch in 2016. In late 2018, Neufund teamed up with major crypto hardware wallet firm Ledger to enable management of security tokens through Ledger’s desktop app.

On Sept. 10, decentralized computing network Blockstack PBC announced that it raised over $23 million in the first-ever United States Securities and Exchange Commission-approved token offering.