Fintech startup Neufund has started introducing public offerings on its tokenized equity platform after getting an endorsement from a financial regulator in Liechtenstein.
On September 16, the company revealed retail-grade public offerings of tokenized equity. Zoe Adamovicz, co-founder and CEO of Neufund, commented that with minimum ticket sizes as low as 10 euro, the company “delivers on its promise to democratize access to funding for entrepreneurs globally” after the Financial Monetary Authority of Lichtenstein gave them a go signal.
“It’s a big day – not just for Neufund, but business and finance,” Adamovicz stated in an announcement.
U.S. based investors must be eligible to partake. Not like other tokenized financial products like initial coin offerings, Neufund’s product is lawfully binding equity in a company.
Neufund’s protocol is built on the ethereum blockchain with custom smart contracts developed on the ERC-20 token standard. One of the most dynamic participants on the ethereum network, Neufund has been building up the codebase since 2016. Neufund is situated in Berlin.