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Blockchain-based, equity fundraising platform Neufund, whose technology allows tokenization of shares and fundraising on the blockchain, has announced that it will establish a strong presence in Malta and support Malta's rapidly expanding blockchain ecosystem.

“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,” said Zoe Adamovicz, CEO and Co-Founder of Neufund.

Together with Malta’s Government, the Berlin-based firm wants to kick-start the creation of crypto-friendly laws with Malta’s DLT framework initiative already serving as a great foundation. It also hopes to influence a positive change in the banking industry with other upcoming projects.

“Stable and integrated markets require the long-term vision of sustainable and inclusive growth. Neufund shares Malta’s view on how to create an ideal ecosystem for investments,” says Silvio Schembri, Parliamentary Secretary for Financial Services, Digital Economy, and Innovation of Malta.

Malta is actively building a supportive regulatory and technical infrastructure to support the blockchain industry and is looking for ways to become a hub for digital-asset ventures.

Cryptocurrency exchanges Binance and OKEx recently announced plans to expand to Malta.

New blockchain services provider Decentralised Ventures was launched in Malta earlier this month to help the blockchain and crypto communities capitalize on market opportunities in the county.

By Siranush Ghazanchyan

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