German Blockchain-Based Company To Set Up Shop In Malta
'We are impressed by Malta’s vision and progress in creating a complete blockchain ecosystem'
Neufund's co-founder Zoe Adamovicz and Marcin Rudolf
Germany company Neufund, a blockchain-based equity fundraising platform, has announced it is setting up shop in Malta.
Neufund, set up 18 months ago, allows companies to raise money on an Ethereum-based platform by issuing tokens like shares of stock. Its co-founder Zoe Adamovicz said it was attracted to Malta because of the government’s progressive vision in the blockchain sector.
“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 EU member state,” Adamovicz said. “Together with Malta’s government, we want to kick-start the creation of crypto-friendly laws, with Malta’s Distributed Ledger Technology framework initiative already serving as a great foundation.”
Parliamentary secretary for the digital economy Silvio Schembri said Neufund’s presence in Malta will help create an ideal ecosystem for investors, as well as diversify the market.
“I am overwhelmed by the response so far since this government decided to take the lead in this new emergent sector driven by new technology which will eventually make Malta the blockchain island”, Schembri said.
Since the government unveiled its plans to regulate the blockchain sector earlier this year, a number of blockchain-based companies - including major crypto exchanges Binance and OKEx - have announced plans to move to Malta.