Neufund, the blockchain based equity fundraising platform, has announced its involvement with Malta to support its rapidly expanding blockchain ecosystem. Neufund’s technology, allowing tokenization of shares and fundraising on the blockchain, will provide a critical component in the full value chain of Malta’s blockchain ecosystem. Berlin based Neufund will be establishing strong presence on the ground in Malta. In doing so Neufund will bring European know-how and a team of experienced experts, highly skilled in both reg tech and blockchain development to Malta.
On February 2018, the Honorable Silvio Schembri, Parliamentary Secretary for Financial Services, Digital Economy, and Innovation of Malta, announced the creation of Distributed Ledger Technology (DLT) Regulation. Since then, Malta has received investments pledged by the world’s largest crypto exchanges, such as Binance and OKEx, that relocated to Malta, along with others to follow, adding more opportunities for the decentralization of Malta’s ecosystem.
Through this joint effort between Malta and Neufund, this European Union member state takes another step towards becoming the worldwide leader in creating a blockchain-friendly ecosystem and establishing a rich environment and a stable ground for blockchain companies. As a part of DLT Regulation, Malta recently announced a number of bills regulating the emerging blockchain industry: MDIA (Malta Digital Innovation Authority) Bill, Technology Arrangements and Service Providers (TAS) Bill, Virtual Currencies (VC) Bill.
In his recent political speech, the Hon. Joseph Muscat, Prime Minister of Malta, described the country’s vision for blockchain technology saying, “Millions of people already attribute value to virtual currencies, which has created an entirely new market. The concept sounds confusing right now, but I have no doubt that it will form the base of a new economy in the future. Just as we attribute value to pieces of paper, so too will future generations attribute value to electronic storage systems.”
Berlin-based Neufund, founded in September 2016 by Zoe Adamovicz and Marcin Rudolf, created a network of smart contracts operating on the Ethereum blockchain that allows any type of company (blockchain-based or not) to issue equity tokens on a blockchain, in a public or private placement. Neufund’s Platform combines the benefits of classic VC rounds with the ease of blockchain technology, based and operating under German crypto-friendly jurisdiction.
Neufund has already secured capital for future investments on the Neufund Platform, provided by over 1,000 investors, including experienced VCs like Frank Thelen, Freigeist, Christophe Maire, Atlantic Labs, and corporate funds like, Innogy and a number of crypto industry leaders.
“Looking at Malta’s vision and progress in creating a complete blockchain ecosystem, we have decided to engage our know-how and offer support in building the blockchain future of this progressive thinking E.U. member state,” says Zoe Adamovicz, CEO and Co-Founder of Neufund. “Together with Malta’s Government, we want to kick-start the creation of crypto-friendly laws with Malta’s DLT framework initiative already serving as a great foundation. And we hope to influence a positive change in the banking industry with other upcoming projects. We are impressed by the deep understanding and openness shown by Malta’s Government that serves as a great example to regulators all over the world being a live example that actions and official statements speak louder than words.
“Stable and integrated markets require the long-term vision of sustainable and inclusive growth. Neufund shares Malta’s view on how to create an ideal ecosystem for investments,” says the Hon. Silvio Schembri. “We are looking forward to work with Neufund as it diversifies the market of crypto products in Malta, adding its equity fundraising of Neufund Platform on blockchain, thus bridging the gap between the on-chain and off-chain world. We are pleased to be accompanied by companies such as Neufund in becoming the #BlockchainIsland.”