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A German project raises 1.4 million in the first blockchain-based IPO

Posted on October 29, 2022 by admin

A German project raises 1.4 million in the first blockchain-based IPO

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Answer A German project raises 1.4 million in the first blockchain-based IPO

Yesterday, a Berlin fundraising platform called Neufund completed its first blockchain-based IPO for a company called Greyp, raising 1.4 million euros.

It was completed Close The world’s first blockchain-based IPO in Berlin, Germany.

The offer attracted around 1017 investors, from 34 different countries.

The minimum investment for the subscription was €100 and was fully compliant with local regulations.

This is a big step for blockchain-based companies made possible by Neufund.

The company allows for the collection and investment of donations via the blockchain, and it has been around and has been active since 2016.

“Neufund” and “Greyp” and their relationship to the blockchain:

Neufund was founded by Zoe Adamovich, who is also the company’s current CEO.

Read:3 Biggest US Banks Offering Bitcoin Futures Trading Services, Will Other Banks Follow?

Adamovich is also a tech entrepreneur, and one of the 50 best women in tech, according to Forbes.

Commenting on the success of the initial public offering, she stated:

The success of the IPO represents an important and exciting day for Neufund, but also for the security token industry.

Thanks to the platform, private companies now have evidence of their ability to make effective use of blockchain technology to conduct initial public offerings.

At the same time, the barrier to entry is much lower, which is also an open invitation to retail investors.

Now that the IPO is over, the platform will continue to distribute funds from the initial offering to new token holders.

The public display also attracted other clients, such as Black One Entertainment, a German company that would be next to be sponsored and funded by Neufund.

Moreover, the company also revealed the presence of foreign companies in the pipeline, including companies from Belgium and India.

Neufund has also raised more than 17 million euros to this point, with more than 11,000 investors, from 111 countries around the world.

Read:Crypto company “Q9 Capital” wins regulatory approval from Dubai authorities to provide virtual asset services

All of these people have registered on the platform in less than a year since the platform was launched in 2018.

Read:One of the founders of “Apple” joins Ripple to face YouTube in a lawsuit over bitcoin fraud

The company also did an Equit Token stock offering in 2018, which likely helped it gain the necessary attention, as it was chosen as one of the top ten blockchain startups earlier this year.

While the company is still at an early stage, it is clear that it is attracting attention at a rapid pace.

Greyp is a transportation technology company founded by Mate Rimac.

The company was backed by some well-known investors such as T-Mobile, Porsche and Camel Group.

The company has emerged as a small division of Rimac Automobili, which is also famous for creating the most powerful car in the world.

For now, the company’s goal is to work to expand its community and introduce retail investors to the future of connected mobility.

Read also:

Ho Chi Minh City in Vietnam is preparing to build a smart city based on blockchain

Top 10 Unicorns in Cryptocurrency and Blockchain Technology


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