Neufund, a German blockchain platform for equity fundraising, announced it had partnered with Malta-based crypto exchange BitBay to offer equity tokens for fiat currencies.
According to its statement, Neufund has recently signed an agreement with seven companies from five countries to conduct equity token offerings through its platform, with over a thousand investors committing to future participation. These companies are active in sectors such as cosmetic, electric cars, e-commerce, and fintech. Several other partners are to be announced soon, Neufund says on its website.
The alliance with BitBay - whose tradable fiat pairs include the Polish zloty, the euro, and US dollar - will allow the partnering companies to liquidate their equity tokens against fiat currency.
Citing a study by Polymath, Neufund noted that th...
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