CONCEDUS regularly presents exciting cooperation partners and use cases in its “Partnerships” series – this time neoFIN Hamburg GmbH with their digitalised tangible assets. neoFIN CEO Patrick Schütze answers the questionnaire.
Dear Patrick, would you please introduce yourself briefly?
Patrick: I’d be happy to. I am Patrick Schütze, an entrepreneur in the financial sector for over twenty years and driven by the vision of helping to shape its paradigm shift. My passion for finance is complemented by my interest in innovation, and so I got into the topic of blockchain and DLT early on. This fascinated me so much that in 2019 I started a new company in addition to my established one and built neoFIN Hamburg GmbH.
Talking about digitalised tangible assets: What does your company do?
Patrick: At neoFIN, we make German real assets fungible. Tangible assets are the top class of all asset classes and are more important than ever in times of low to negative interest rates. The only problem is that tangible assets are often illiquid. We are changing that by tokenising them and bringing them onto the primary market as digital securities. This gives investors new access to tangible assets – and at significantly lower minimum investment amounts than with tangible asset funds, for example.
We are thus providing democratised access to high-yield investments that are largely independent of the economic cycle. And small and medium-sized enterprises also benefit from digital capital market issues. Not every company can or wants to go through a classic IPO to get fresh capital. With tokenisation, we offer a fast, more cost-effective and fully regulated alternative to financing. Our focus is on assets with a sustainable approach that is oriented towards ESG components.
Why are you working with CONCEDUS?
Patrick: In our business model, old and new worlds meet. We are still adopting some things from the old world. But it has become clear, especially in the area of liability umbrellas: Here, the new world is the order of the day. For a digital product, we need a partner who understands the digitalisation of the financial world and goes along with us – even shapes it together with us. Marius and his team convinced us with their experience in the field of DLT/blockchain and their holistic, partnership-based approach. We speak the same language and share a mission. And that is an immeasurable advantage, especially in new markets and niches like ours. Because we can fully concentrate on our day-to-day business.
How is the cooperation going technologically and have you developed solutions together with CONCEDUS?
Patrick: Our own neoFIN platform is based on Cashlink’s white label solution. When it came to the design, we actually made some more technical adjustments together with CONCEDUS. It’s going great and we can’t wait until our next digital securities issue launches. We currently have two issues from the sports sector in the pipeline, which are characterised by strong social impact.
What else do you want to implement together with CONCEDUS that you can already talk about now?
Patrick: I don’t want to go into detail about the planned expansions at this point. But I can say where the joint journey of neoFIN with CONCEDUS and our other partners Cashlink and Tangany will go. We want to expand and shape the niche of digitalised tangible assets and establish ourselves at the top. A series of hundreds of tokenised tangible asset issues – that’s what we want to do.
Patrick, thank you very much for your time!
