After being approved by Liechtenstein’s financial regulators, Fintech startup Neufund has started allowing public offerings on its tokenized equity in its platform. In his announcement, co-founder and CEO of Neufund Zoe Adamovicz said, “It’s a big day – not just for Neufund, but business and finance.”
With this announcement made, the startup has now made their tokenized equity available for their users in the form of retail-grade public offerings with the minimum ticket of as low as 10 Euro.
Started in 2016, this Fintech startup is powered by blockchain technology; it aims to make the cryptocurrency fair and safe for everyone. With their new announcement, they had made sure that the cryptocurrency is safe, easy and accessible to everyone, democratizing access to capital for entrepreneurs and innovators.
Though only accredited US-based users can participate in this new initiative of public offerings, their system is different from initial coin offerings (ICOs) and other types of tokenized financial products. As all the Neufund’s investment products legally bind their equity in a company.
Their platform works on Ethereum (ETH) network which features customized smart contracts based on the ERC-20 token standard, which makes the investment easy and safe for its users. According to a report, Neufund’s management reported that that company had been successfully deployed $16 million in total capital through the platform.