Neufund, a Berlin-based, blockchain-powered equity fundraising startup, has formed a strategic partnership with BitBay cryptocurrency exchange, to enable investors to buy and sell equity tokens with fiat money seamlessly, according to a press release by the firm on August 3, 2018.
The Real Deal
Neufund, a platform built upon the Ethereum blockchain, has now joined forces with Malta-based digital currency exchange BitBay, to make it possible for investors to trade equity tokens with paper money.
According to the firm, research results from a study conducted by Polymath predicts that securities tokens could become a $10 trillion market in 10 years time, as such, Neufund firmly believes that tokenized securities will bring more liquidity to the world of traditional investment assets. Amidst that backdrop, it’s working tirelessly round the clock to be the one stop shop for the issuance of security and equity tokens.
In July, Neufund partnered with MSX, a subsidiary of Malta Stock Exchange and Binance cryptocurrency exchange in a bid to launch a fully regulated decentralized global exchange that would make it easy for tokenized securities to be traded alongside cryptocurrencies on the same platform.
“It is Neufund’s mission to make fundraising more inclusive and easier for companies,” said CEO and Co-founder of Neufund, Zoe Adamovicz, adding, “while bringing investors more liquid investment assets, and our partnership will enable investors to liquidate their investments directly into fiat currencies.”
With the Neufund Equity Token Offering (ETO) both firms within and outside the blockchain ecosystem can now issue distributed ledger-based equity tokens in a public or private placement, in a frictionless way.
All Roads Lead to Crypto-Friendly Malta
In June 2018, BTCManager informed that Polish crypto exchange BitBay had moved its operations to Malta, due to banking issues.
If all goes as planned, BitBay will be Neufund’s first trading partner and interested firms will be able to trade their equity tokens against the fiat pairs supported by the platform, including the Polish Zloty, the Euro, and the U.S Dollar.
“Our partnership with Neufund aims to bring security tokens to BitBay’s everyday operations in a fully compliant and regulated way. We are proud to be on the frontline of implementing equity tokens into 24/7 crypto trading systems,” said BitBay.
Established in 2014, BitBay is currently ranked 47 on the crypto exchanges table with a 24-hour trading volume of $22.83 million as seen on Coinmarketcap.