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Neufund partners with BitBay to provide fiat gateway for security token exchange

Neufund partners with BitBay to provide fiat gateway for security token exchange
According to a study by Polymath, the security token market could reach a value of $10 trillion by 2020.

Neufund, a blockchain-based equity fundraising platform, today announced it is partnering with European crypto exchange BitBay to enable users of the exchange to buy and sell equity tokens with fiat currencies.

BitBay, whose tradable fiat pairs include the Polish Zloty, the Euro and the U.S. Dollar, will be the first trading partner enabling companies to liquidate their equity tokens against fiat currency.

Tokenized securities will bring much-needed liquidity to traditional investment assets, including equity instruments. In welcoming the partnership with BitBay, Neufund takes another step towards becoming the first end-to-end primary issuance platform for security tokens, in particular, equity tokens.

Today’s announcement follows Neufund’s partnerships with the Malta Stock Exchange and crypto exchange Binance. The companies came together with the goal of creating the first fully regulated exchange that trades crypto assets alongside traditional markets.

Neufund also recently announced that seven companies from five countries have signed up to conduct Equity Token Offerings through Neufund, and more than a thousand investors have pledged future investments.

Just a few months ago, BitBay announced it would be moving its operations to Malta.

“We welcome BitBay among our partners with great excitement. It is Neufund’s mission to make fundraising more inclusive and easier for companies, while bringing investors more liquid investment assets, and our partnership will enable investors to liquidate their investments directly into fiat currencies”.

Zoe Adamovicz, CEO and Co-founder at Neufund

“Our partnership with Neufund aims to bring security tokens to BitBay’s everyday operations in a fully compliant and regulated way. We are proud to be on the frontline of implementing equity tokens into 24/7 crypto trading systems.”

Paweł Sobków, CEO of Pinewood (operator of Bitbay.net)

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