Berlin-based Fintech Company received clearance to Launch Token Offerings

Berlin-based Fintech Company received clearance to Launch Token Offerings

Neufund is a fintech company based in Berlin and has just announced various public offerings via is tokenised equity platform after it received clearance by Liechtenstein’s lawmakers to carry out these types of events.

As it says on its site:

“[Neufund] democratizes access to capital for innovators and entrepreneurs and makes investing easy, safe and accessible to everyone.” The company further wish to make finance transparent, “Everyone in, nobody out. Everyone deserves equal access to investment and fundraising opportunities.”

Earlier today (September 16), Neufund brought in public offerings of tokenised equity for the retail sector.

The CEO and co-founder of the firm Zoe Adammovicz, adds that Neufund “delivers on its promise to democratize access to funding for entrepreneurs globally”. This comes after regulatory clearance from the Financial Monetary Authority (FMA) of Liechtenstein.

Adamovicz went onto comment on the launch of the new initiative saying, “It’s a big day – not just for Neufund, but business and finance.”

Initial Coin Offerings are different though and like most tokenised financial products, Neufund’s investment products show legally binding equity in a firm.

Management for the Berlin-based company have confirmed that $16 million has been deployed through the platform

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Developed on the Ethereum Network, Neufund’s protocol features customised smart contracts which were designed according to the ERC-20 token standard.

The codebase from Neufund has actually been in the process for the past three years, as it is one of the most active bodies on the Ethereum blockchain.

It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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