Neufund has become the world’s first platform to launch a fully compliant retail public offering using blockchain technology. The platform has received clearance from the Financial Monetary Authority in Liechtenstein to host public offerings with a minimum investment of just €10, making it accessible to investors of all sizes.
The first retail issuer on Neufund is Greyp, an electrical mobility platform backed by Porsche, Camel Group and T-mobile. It is a sister company of Rimac Automobili, a car manufacturer founded by Mate Rimac, the “Elon Musk” of Europe.
Neufund dramatically lowers the barrier to entry for companies raising funds, reducing the cost of conducting a public offering compared to traditional IPOs. It also accelerates the fundraising process in comparison to VC rounds (companies can launch their campaign within days of going through KYC), and offers the same accessibility to global investors as blockchain-based token sales, without compromising on security.
While Neufund offerings are governed by German or Lichtenstein jurisdictions, companies can be incorporated from most countries around the world (including the UK). Neufund is already working on future offerings with companies based in India, Croatia, Germany, and Belgium.
“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 forinnovative business models,” said Adrian Hasler, the Prime Minister of Liechtenstein.
“Today, Neufund delivers on its promise to democratize 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” commented Zoe Adamovicz, co-founder and CEO of Neufund. It’s worth noting that Adamovicz has been listed on Forbes Top 50 Women in Tech in 2018, she also sits on the Innovation Board advising the Minister of Digitalization in Germany.
€16m has already been deployed through Neufund. The company attracted over a thousand of investors to its first fundraising in 2017, and again in 2018, when it conducted the first offering of tokenized equity for professional investors to test drive its platform. More than 5 thousand investors have signed up on the platform since launching in May 2018.