BitBay team up with Neofund

Marcin Iwański
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According to the announcement, BitBay, a Polish-based cryptocurrency exchange platform, started cooperation with Neufund.

It is a German-based platform that allows securities to be issued as tokens in a decentralized ledger technology (DLT), creating so-called Equity Token Offerings.

Equity Token Offerings (ETO) is a hybrid model that combines the advantages of VCs, ICOs, and IPOs. Neufund has attracted investment promises from investor communities from companies such as Freigeist, Atlantic Labs or Index Ventures.

Neofund is a Berlin-based investment protocol for securities tokenization.  Their protocol allows issuing any security or financial product as a Token on Blockchain. Also, it is worth mentioning that the CEO of Neufund is a Pole, Zoe Adamovich, same as BitBay’s CEO.

“Neufund’s Equity Token Offering (ETO) is a kind of fundraising, which allows any company (blockchain-based or not) to issue equity tokens on a Blockchain, in a public or private placement.”

Neufund wants to specialize in equity tokens and become the first end-to-end primary issuance platform for security tokens. Neufund is sure about their plans because of a study made by Polymath, which says that by 2020 the security token market will be worth $10 trillion.

Recently, Neufund has announced that seven companies from five countries indicated their willingness to lead Equity Token Offerings (ETOs) through Neufund and that more than a thousand investors declared future investments. BitBay, whose tradable currency pairs include PLN, EUR, and USD, will be the first trading partner to enable companies to liquidate their equity tokens with regular currencies.

 

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