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Fundraising Platform Neufund To Boost Malta's Blockchain Ecosystem

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Blockchain-based Equity Fundraising Platform Neufund announced its support to the rapidly expanding blockchain ecosystem in the small Mediterranean island nation Malta, which plans to transform itself into a fintech hub and a crypto-friendly "Blockchain island."

The move comes two months after Malta announced the adoption of a legal blockchain framework.

The equity fundraising platform allows organizations to raise money via Equity Token Offerings (ETOs) on the blockchain by issuing equity tokens, akin to shares in a company. Investors can invest with Ether or Euro.

Malta passed in February 2018 the Distributed Ledger Technology (DLT) regulation to encourage blockchain companies to relocate to Malta. Since then, Malta has attracted two of the world's largest cryptocurrency exchanges, Binance and OKEx, to relocate or expand to the island nation.

"Looking at Malta's vision and progress in creating a complete blockchain ecosystem, we have decided to engage our know-how and offer support in building the blockchain future of this progressive thinking E.U. member state," says Zoe Adamovicz, CEO and Co-Founder of Neufund.

Berlin-based Neufund will provide Malta with European know-how and a team of experts in both regulatory frameworks and blockchain development.

Neufund has created a network of smart contracts operating on the Ethereum blockchain that allows any company, other than blockchain-based also, to issue equity tokens on a blockchain, in a public or private placement. It operates under German crypto-friendly jurisdiction.

Neufund has secured capital for future investments on the Neufund Platform, provided by over 1,000 investors.

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