The collaborations aim to create the first regulated decentralized global stock exchange
Neufund announces its collaboration with MSX, an innovation vehicle of the Malta Stock Exchange (MSE), and a partnership with Binance, one of the biggest cryptocurrency exchanges globally. The aim is to create a regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets. Together we will soon run a pilot project. The collaboration is yet another addition to the #BlockchainIsland ecosystem located in Malta, an EU member state.
According to CapLinked, the market cap of equity tokens alone is projected to reach $1 trillion by 2020 and thanks to the partnership with MSX, a subsidiary of the Malta Stock Exchange and Binance, Neufund will become the first end-to-end primary issuance platform for security tokens, in particular, equity tokens. It will secure ways for secondary trading of equity tokens and enable companies around the world to fundraise on Blockchain in a legal way while offering much-needed liquidity. Already 7 companies have decided to conduct an Equity Token Offering (ETO) with Neufund: Founders Bank, Brille24, Uniti, MySwooop, Next Big Thing, Blockstate and Emflux Motors.
Together with its partners, Neufund aims to conduct a pilot project later in 2018 which will include the public offering of tokenized equity on Neufund’s primary market which may later be tradable on Binance and other crypto exchanges pending regulatory and listing approvals.
“We are thrilled to announce the partnerships with Malta Stock Exchange and Binance, that will ensure high liquidity to equity tokens issued on Neufund. It is the first time in history, that security tokens can be offered and traded in a legally binding way. The upcoming pilot project will allow us to test the market’s reaction and realize the overall project idea in an environment with minimized risk.” comments Zoe Adamovicz, CEO and Co-founder at Neufund.
Binance will work on creating an exchange ready for security tokens, including equity tokens.
The Chairman of the Malta Stock Exchange Mr Joseph Portelli said: “We are delighted to welcome Neufund as our key partner in building a Blockchain-based exchange that is fully integrated with established financial markets. With the upcoming pilot project, we become a worldwide pioneer in digital finance.”