Neufund which is a German-based security token issuing platform has moved to Malta and will be creating a global stock exchange to issue security tokens. They are partnering with the Malta Stock Exchange and arguably the largest exchange Binance to issue security or equity tokens in their Equity Token Offering Platform which will be decentralized allowing secondary trading of these tokens and also companies will be able to fundraise in a legally compliant manner.
They claim that this market will reach $1 Trillion mark by 2020 and has already seven companies who have decided to use the platform for their Equity Token Offering (ETO). These companies include Founders Bank, Brille24, Uniti, MySwooop, Next Big Thing, Blockstate, and Emflux Motors.
Zoe Adamovicz said:
“We are thrilled to announce the partnerships with the 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.”
Recently, the Maltese government had passed three bills in favor of Cryptocurrency and Blockchain into law providing a clear regulatory framework for Blockchain technology.
In other news, another large exchange OKEx will also be working with the Malta Stock Exchange creating a joint project called OKMSX to provide a secondary market for security tokens. The MOU for the same has also been signed. OKEx has moved to Malta for their Crypto friendly regulations.
CZ, CEO of Binance Tweeted:
Security tokens, with support from
@MaltaStockExch and@binance. There is usually more than one way to get something done.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…
As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…
Did you know that 85% of DeFi value is concentrated in six blockchains? DeFi is…
CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…
Join us at BFC 2024 to explore the future of Web3. Use a special discount…
Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…