Not long after two of the most prominent cryptocurrency exchanges announced their plans of relocating to Malta, another major company is following their steps.
Ethereum-based Neufund is opening satellite offices in Malta while keeping its headquarters in Berlin.
Founded only 18 months ago by Zoe Adamovicz and Marcin Rudolf, Neufund wants to participate in transforming the Maltese nation’s economy and joining the Blockchain Revolution on the island.
Although Neufund is blockchain-based, it’s trying to attract traditional businesses that need to raise funds. The platform allows companies to grow capital on blockchain by issuing tokens and combining the benefits of conventional venture capital fundraising rounds with the transparency of blockchain technology.
The company was initially attracted to the island by the country’s progressive vision and its drive towards change in the economy by implementing new technologies.
Passing Distributed Ledger Technology (DLT) Regulation in February 2018 helped Neufund to notice Malta on the blockchain map of Europe:
“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. Together with Malta’s government, we want to kick-start the creation of crypto-friendly laws, with Malta’s DLT framework initiative already serving as a great foundation.”
– Neufund’s CEO, Zoe Adamovicz
While the date of Neufund opening its offices in Malta remains unknown, the company held several meeting with Parliamentary Secretary for Financial Services, Digital Economy & Innovation, Silvio Schembri who’s excited about the recent influx of companies:
“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”
– Silvio Schembri
Malta is currently in the process of gathering feedback from various stakeholders before introducing the legislation regulating virtual currencies and initial coin offerings.
Read more about Malta Cryptocurrency Regulations.