Blockchain-based startup, Neufund, is all set to launch a retail public offering using blockchain technology as it received a thumbs up from the Financial Monetary Authority in Liechtenstein.
Neufund’s public offerings will be accessible to all kinds of investors as the minimum investment is as low as €10. The startup aims at stimulating the fundraising process as they offer similar services to investors as blockchain-based token sales without giving up on security. The startup claims to be the world’s first platform to launch the aforementioned offering and it will commence on 16 September.
Greyp, an electrical mobility platform is the first retail issuer on Neufund. Greyp is the sister company of Rimac Automobili and is backed by prominent companies like Porsche, Camel Group and T-mobile.
The co-founder and CEO of Neufund, Zoe Adamovicz believes that “it’s a big day” for the entire business and financial community. She said,
“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.”
Apart from Liechtenstein, the firm is operating on future offerings with companies based in Croatia, India, Germany, and Belgium. The company has already deployed €16 million and has more than five thousand investors signed up on the platform since May 2018 after it conducted its first offering of tokenized equity.
Prime Minister of Liechtenstein, Adrian Hasler asserted that he was pleased that the startup decided on Liechtenstenstein. He further said,
“This shows that Liechtenstein, with its open attitude towards new technologies, is perceived as an attractive location for innovative business model.”