- Neufund and Blockade have announced a new partnership.
- This new deal aims to enhance the liquidity of Neufund’s clients.
A new partnership has been announced between Neufund and Blocktrade. The security token issuance platform and the crypto exchange are partnering to increase liquidity for the former’s users.
This is yet another one of the many partnerships that Neufund has entered into in the last few months which includes Binance, BitBay, and the Malta Stock Exchange.
Also, along with their own security token offering, Neufund also plans to issue new STOs including Uniti, mySwoop, Brille24, Next Big Thing, Emflux Motors, and Blockstate.
What Brought about the Partnership
The idea behind the partnership was recently discussed by Zoe Adamovics, the CEO of Neufund during an interview.
Apparently, both firms are seeking to tokenize real-world assets and so, the deal came naturally. She believes that the company’s emphasis on secondary trading will help them achieve their goals faster.
Blocktrade’s CEO, Luka Gubo has also spoken positively about the deal, emphasizing his belief on the importance of creating a security token ecosystem for investors.
The market for this, he believes is fast-growing and that this new partnership merely provides the service that is already in demand.
Blocktrade
Blockctarde began its voyage into the cryptocurrency trade market this year and from the onset, has had a particular interest in regulated cryptocurrency tokens. It also made an application for its Multilateral Trading Facility license earlier this year while it was still in development.
A Growing Interest in Issuance Platforms
As stated by the Blocktrade CEO, there is an ever-growing market for security token issuance platforms.
As more and more businesses are interested in tokenizing their platforms, several businesses including Polymath, Securitize, Swarm, and Securrency are opening to cater to this demand.
Neufund have found a way to separate themselves from the position by gaining access to the secondary market which makes the liquidation of assets much easier and makes them preferred by investors.
This new deal with Blockctrade could potentially make them the most powerful in their industry in the EU.
As cryptocurrencies gain more mainstream acceptance, there is the need to create a link between crypto trading and the already established investment firms. For many, this way is through security token issuance.