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Neufund and Ledger team up to create a secure framework for managing real-world assets

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Neufund and Ledger team up to create a secure framework for managing real-world assets

BERLIN – December 5th, 2018 – Neufund, the end-to-end solution for securities tokenization and issuance, announces its partnership with Ledger, a global leader in securing crypto assets. This collaboration aims to develop a framework for security tokens.

Neufund and Ledger will work together to create the safest user-experience for crypto investors by developing a framework for security tokens. Ledger, which recently launched a desktop application for user-friendly crypto asset management, Ledger Live, plans to soon add an ERC20 integration to its app. The app will enable users to manage security tokens issued through Neufund’s set of protocols.

“Currently, Ledger’s hardware wallets are the safest way to set up and manage investments conducted through Neufund’s set of protocols. With operations in the 7-9 digit (€)range, security becomes a the top priority. Enabling investors to manage their ERC-20 based equity tokens directly from a desktop app will disrupt the way we interact with our crypto assets” says Zoe Adamovicz, CEO of Neufund.

Ledger’s solutions are already incorporated into Neufund’s platform. Companies and investors are able to set up and manage their accounts using Ledger’s hardware wallet. The current partnership builds on a previous collaboration, which created a special edition of the Ledger Nano S to high-profile investors participating in Neufund’s Initial Community Building Mechanism, back in November 2017. The devices were then notarized in Germany, which provided an additional layer of protection to its hardware wallet.

“We are excited about today’s announcement. It marks a new, important chapterin bringing security tokens to the Ledger platforms” said Eric Larchevêque, CEO at Ledger. “We are thrilled to be joined at this frontier by Neufund, a leaderin securities tokenization and issuance.”

Along with joining forces to create a more secure framework for managing real-world assets on blockchain, the two companies will organize an open legal-technical hackathon in Paris, with the aim of creating better solutions for managing tokenized real-world assets.

Neufund is currently hosting the company’s first public offering of equity forits parent company – Fifth Force GmbH. The public sale will start on December 9, 2018 at 11am UTC and will last for seven days. The token’s name is FORCE, and the currencies accepted are ETH and EUR, where 1 share will be equivalent to 10,000 equity tokens.

About Ledger:

Founded in 2014, Ledger is a leader in security and infrastructure solutions for cryptocurrencies and blockchain applications. Headquartered in Paris and San Francisco, Ledger has a team of 160 professionals developing a variety of products and services to safeguard cryptocurrency assets for individuals and companies – including the Ledger hardware wallets line already sold in 165 countries. In 2018, Ledger was named as one of the “Hottest Startups in Paris” by WIRED Magazine.

About Neufund:

Neufund provides an end-to-end solution for asset tokenization and issuance. Its open-source set of protocols for enhanced ownership allows anyone to give real-world assets a representation on the Ethereum Blockchain in form of legally-binding security tokens. The first application of our company’s tech and legal architecture are “Equity Tokens” which enable companies to conduct regulated offerings on Blockchain. Being at the legal and technical frontier, Neufund advises governments on DLT regulation, supports open-source dev projects and educates financial communities around the world. Neufund’s platform is a primary market offering for capitalraising which already attracted investment pledges from notable community of investors, including Frank Thelen (Freigeist), Christophe Maire (Atlantic Labs), Alexander Lange (Index Ventures) and Max Kordek (Lisk). Neufund’s mission is “Enabling ownership for all” through making ownership more transparent, accessible and efficient.

Security Token News

Neufund Preps for GREYP Token Sale Upon FMA Approval

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Neufund Preps for GREYP Token Sale Upon FMA Approval

FMA Approval in Liechtenstein

In a decision that was long awaited, Neufund has been given more than just the approval to host an upcoming GREYP token sale. The tokenization platform was given the greenlight to host all such offerings, moving forward. This authorization came on behalf of the Financial Market Authority (FMA) in Liechtenstein.

This decision will have huge ramifications for Neufund, as they immediately become one of the few, if not the only, entity that is able to offer such flexibility. This will primarily be seen through their ability to open token sales to a broader range of investors, as minimum purchases can be as low as €10.

Neufund indicates that with the approval of the FMA, they have various token events in the pipeline, spanning various countries. They specifically note India, Croatia, Germany, and Belgium as a few of these.

Go for Launch

GREYP is a smart-mobility company, which strives to develop not only next-gen hardware, but to develop the infrastructure surrounding a ride sharing e-bike platform, enabled through IoT.

With regards to GREYP, in particular, the sale will see Neufund sell and issue digital securities on behalf of the former, which imbue various rights upon their holders. This includes, not only equity within GREYP, but, both, voting rights and dividend rights.

For the finer details on what the tokens entail, check out the Neufund listing page HERE.

Commentary

Upon announcing this development, representatives from, each, the government and Neufund, took the time to comment.

Adrian Hasler, Prime Minister of Liechtenstein, stated,

“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 for innovative business models.”

Zoe Adamovicz, CEO of Neufund, stated,

“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.”

Speaking with Zoe

Earlier this year, we were fortunate to have completed an exclusive interview with Neufund CEO, Zoe Adamovicz. In this discussion we touch on what separates Neufund from the pack, and the benefits of STO-like events.

Interview Series – Zoe Adamovicz, CEO of Neufund

Neufund

Neufund was founded in 2016, and maintains headquarters in Berlin, Germany. Above all, the company works to provide a range of services which facilitate tokenization. Neufund was one of the first companies to successfully complete their very own STO in 2019.

CEO, Zoe Adamovicz, currently oversees company operations.

GREYP

Based in Croatia, GREYP is a tech company, which is working to usher in the next generation of ‘smart mobility’. While young, GREYP, has the backing of companies such as T-Mobile, Porsche, and others. They also have experience to draw upon, as they are a subsidiary of Rimac Automobiles – manufacturers of high-end electric sports cars.

CEO, Mate Rimac, currently oversees company operations.

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Security Token News

Harbor Tokenizes $100 Million in Real Estate Funds on ETH

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Harbor Tokenizes $100 Million Real Estate Fund

One of the leading tokenization platforms, Harbor announced this week that they successfully tokenized $100 million in real estate funds. The firm tokenized four major funds with the goal to increase liquidity for investors. The move showcases growing interest by investors towards more liquid alternative investments.

As part of the tokenization, Harbor provides investors with access to an iCAP-branded platform and private marketplace for secondary transfers. Here, investors can trade their securities in full compliance with the SEC. Speaking on the decision, Harbor’s CEO, Josh Stein described the maneuver as the natural evolution.

The tokenized real estate fund includes a mash-up of 17 broker-dealers, a myriad of placement agents, and approximately 1,100 private investors. Importantly, iCAP Equity is the fund’s manager.

Harbor Tokenizes $100 Million in Real Estate Funds via Twitter

Harbor Tokenizes $100 Million in Real Estate Funds via Twitter

iCAP’s CEO, Chris Christenson spoke on the decision in detail in a recent interview. Here he explained why it was important to create the best investment experience possible for his clients. In his words, the best way to accomplish this monumental task was “providing liquidity for them.”

Harbor Tokenizes Funds on Ethereum Blockchain

Harbor chose Ethereum’s ERC-20 standard for the tokenization of the funds. Importantly, the ERC- 20 token standard is the most popular in use today.

More than Issuance

Stein envisions Harbor as more than just an issuance platform. Now, the company seeks to provide businesses with a solid tokenization infrastructure. In this manner, companies can tokenize their existing assets.

Stein explained that the demand for newly issued tokens was far less than previously expected. Interestingly, Harbor noticed that ICO investors were of the speculative nature versus more traditional alternative investments.

Tokenizing Existing Assets

Notably, Harbor discovered that tokenizing the cap tables of existing assets provides a clear benefit to everyone involved – sponsors, placement agents, and investors. They are also more geared towards the traditional investment community.

Harbor Tokenizes Shares to Add Liquidity to the Market

Traditionally, securities investors agree upon a multi-year lockup. Basically, you can’t sell your shares until an agreed-upon date. The problem here is that in many instances, investors need to access those funds for certain reasons prior to the agreed-upon date.

In the traditional system, an investor would have to wait out the years until granted sales access or find an investor willing to take over the waiting period. Harbor’s platform does away with this nonsense and allows investors to trade their tokenized shares as soon as the SEC mandatory one year lockup period ends.

Experience Equals Lessons

Like any true pioneer, hard lessons were part of the learning process. Last year, Harbor attempted to issue tokenized shares in an apartment building. While the concept was solid, discrepancies arose between the mortgage lender. In the end, the deal was scrapped before launch.

Harbor Tokenizes the World

Harbor appears to have the flexibility and forward-thinking needed to adjust to the ever-changing crypto landscape. You can expect to see more major players in the tokenization sector begin to duplicate this strategy in the coming months. For now, Harbor appears to be a step ahead of the curve.

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Security Token News

Prometheum Acquires InteliClear Post Trading Systems

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Prometheum Aquires InteliClear post trading solution

The popular security token exchange Prometheum announced the acquisition of the InteliClear clearing system this month. The addition places Prometheum as the front runner to be the first SEC-registered all-inclusive Alternate Trading System (ATS). The news showcases the growing competition in the sector and symbolizes a shift in strategies amongst the top exchanges.

An Industry First

Currently, no ATS has the ability to clear transactions in house. Traditionally, exchanges utilize a third-party clearinghouse to complete trades per the Security Exchange Act (SEA). This process adds time and additional fees to the transaction. Prometheum seeks to speed up the entire process via the InteliClear integration. Now clients can settle transactions in hours versus days.

A Milestone

Discussing the maneuver, Prometheum CEO, Aaron Kaplan called the acquisition a “milestone” for the security token industry. He spoke on why InteliClear’s system is an excellent addition to the company’s portfolio. Finally, he discussed the importance of Prometheum becoming the first end-to-end security token trading solution.

Prometheum

The Prometheum exchange entered the market with the goal to provide users with a complete ecosystem for tokenized securities. The New York-based firm was one of the first SEC approved tokenized securities platforms available to the public. The company originally filed with the SEC back in November 2017.

Prometheum via Homepage

Prometheum via Homepage

Today, the platform hosts some of the most notable security tokens ever launched including Lottery. The Lottery STO made headlines after providing investors an opportunity to participate in revenue derived from the company’s gaming platform for charitable fundraising.

InteliClear

Investors now gain access to more value after the InteliClear acquisition. InteliClear provides businesses with a host of helpful pre and post-trade services. The company uses a custom-built transaction engine that enables importation of trades and transactions from multiple sources. These turnkey and custom solutions enable businesses to fulfill their STO ambitions with the least amount of funding necessary.

The InteliClear system supports tokenized equities, options, fixed incomes, mutual funds, money/market products, and of course, tokenized assets. The global network is able to utilize a host of national currencies and can handle real-time, high volume, operations. The platform automatically calculates trade compression, fees, commissions, and billing to simplify the entire process for businesses.

Security Token Sector Gets More Competitive

The security token arena continues to see more competition develop. The recent SEC approval of numerous A+ filings enables platforms such as Prometheum to take its platform to the next level. Today, the number of security token exchanges in operation continues to expand at an impressive rate.  Already, the SEC approved Blockstack, the Props Project, and YouNow’s STO platforms this year. After taking over a year to approve some of these projects, the news is welcomed by the cryptocommunity.

Prometheum Leads the Race

Prometheum now has the tools and capabilities to take a strong lead in the developing security token sector. You can expect to hear more from this exchange as it continues on its STO launch course. For now, Prometheum is the only security token exchange to provide such robust functionality in the market.

 

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