Neufund announced its collaboration with MSX, the Malta Stock Exchange innovation unit, and a partnership with Binance, one of the world’s biggest cryptocurrency exchanges, to create a regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets. Malta and its bourse have taken a number of legislative steps for adoption of blockchain technology, including allocation of financial resources.
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 liquidity. Already seven companies have decided to conduct an Equity Token Offering (ETO) with Neufund: Founders Bank, Brille24, Uniti, MySwooop, Next Big Thing, Blockstate and Emflux Motors.
A pilot project is planned for later this year, which will include the public offering of tokenized equity on Neufund’s primary market that may later be tradable on Binance and other crypto exchanges. Zoe Adamovicz, CEO and Co-founder at Neufund, said in a statement: “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.” Binance will work on creating an exchange ready for security tokens, including equity tokens.