Neufund Launches Regulated Tokenized Equity Platform

In a bid to enable companies to raise funds at a lower cost, Neufund, a Berlin-based fintech startup has launched a blockchain-powered tokenized equity public offering platform regulated by Liechtenstein’s, Financial Monetary Authority according to a SiliconAngle report, September 16, 2019.

Tokenized Equity

Per sources close to the matter, Neufund recently launched its tokenized equity public offering platform after it received clearance from the Financial Monetary Authority in Liechtenstein.

Reportedly, Neufund’s platform allows companies to raise funds by issuing equity-linked tokens, and these tokens are unique from those issued during conventional initial coin offerings (ICOs) since they are linked to a company’s equity.

Fostering Financial Inclusion

Neufund’s platform will allow investors from all over the globe to purchase tokens with as little as $11. However, U.S. residents can only partake after being accredited by an authorized body.

Companies can also raise funds at a lower cost and in a much faster process as compared to traditional initial public offerings and other forms of fundraising.

Interestingly, the Neufund platform is already gaining traction, as Greyp Bikes d.o.o., a Croatia-based electric bike maker has successfully raised funds through the platform.

Neufund says it will allow companies in various countries to take advantage of the public offering platform, and it is already holding talks with companies in Croatia, India, Germany, and Belgium concerning future public offerings.

Commenting on the successful launch of the tokenized equity platform, Zoe Adamovicz, co-founder and chief executive officer of Neufund noted that the project represents a significant milestone for both Neufund and the global business ecosystem.

In his words:

“Today, Neufund delivers on its promise to democratize access to funding for entrepreneurs globally and enable anyone to access most innovative investment opportunities with ease, in a compliant and secure environment.”

Neufund had first launched an Equity Token Offering (ETO) in December 2018, smashing its soft cap target of €1.2m to raise €3 million from European Investors.

In related news, on August 5, 2018, BTCManager reported of Neufund’s strategic partnership with BitBay cryptocurrency exchange to enable investors to exchange fiat for equity tokens.

BTCManager also informed on December 9, 2018, that Neufund has collaborated with Ledger to launch a secure blockchain platform for managing real-world security tokens.