Germany’s Neufund Shuts Down Security Token Platform, Saying BaFin Failed to Act
Germany’s Neufund Shuts Down Security Token Platform, Saying BaFin Failed to Act
Citing regulatory concerns, Berlin-based security token startup Neufund has announced plans to freeze its fundraising campaigns and sideline future tokenized equity offerings.
“Many European countries had aspirations to become a blockchain-friendly hub … [T]he authorities have stifled this plan, blocking the innovation in its tracks,” the firm wrote in a blog post Monday.
Launched in 2016,…
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