Blockchain-enabled fundraising and investing platform Neufund just gave its home country, Germany, a jumpstart in its blockchain efforts.
This Monday, upon receiving the green light to host public offerings from the Financial Monetary Authority in Liechtenstein, Neufund began the world’s first compliant public offering for retail investors on the blockchain.
Just how significant is this?
Neufund launches the first compliant public offering
There have been plenty of chances for the public at large to invest in exciting projects over the last few years. However, the majority of these offerings were unregulated or ill-advised.
Neufund marks a first in crowdfunded projects by offering a legally compliant platform using blockchain technology available to the general public – who can take part with a minimum investment of just €10.
Forget about off-the-table IPOs and investor handshakes behind closed doors. Now, the general public has a chance to get in on interesting investment opportunities at an early stage.
The first issuer on the Neufund platform is a company called Greyp. Backed by the likes of T-Mobile, Porsche, and Camel Group, Greyp is a sister-company of Rimac Automobili, founded by Mate Rimac – who is colloquially known as the “Elon Musk” of Europe.
Breaking down the barriers on all sides of investing
By holding compliant offerings on its platform, Neufund is able to make the process of raising money for companies much easier. Blockchain technology allows the company to reduce the costs of holding a traditional IPO. It also allows investors of all stripes to get on board. And, unlike raising funds in VP rounds, companies can begin their campaigns within just days of passing the KYC process.
Neufund’s public offerings will be governed by German or Lichtenstein jurisdictions. However, companies from almost all countries around the world can take part, including the UK. The fundraising platform is already working on future offerings with businesses based as far afield as India and Croatia.
“I am pleased that Neufund has decided on Liechtenstein. This shows that Liechtenstein, with its open attitude towards new technologies, is perceived as an attractive location for innovative business models,” said Adrian Hasler, the Prime Minister of Liechtenstein.
Who is Neufund?
Since 2016, Neufund has been striving to democratise investing for people around the world. In fact, to date, some €16m has already been deployed through the company and thousands of investors have interacted with its platform.
As a pioneer in the investing and blockchain space, Neufund is using blockchain technology to open up the world of investing to all in a safe and compliant way.
Now, everyday investors can access the types of investment opportunities that were previously only in the realm of the ultra-wealthy or Silicon Valley entrepreneurs. Zoe Adamovicz, co-founder and CEO of Neufund, stated:
“Today, Neufund delivers on its promise to democratise access to funding for entrepreneurs globally and enable anyone to access most innovative investment opportunities with ease, in a compliant and secure environment. It’s a big day – not just for Neufund, but business and finance communities at large.”
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.